The European Central Bank (ECB) is expected to launch its quantitative easing (QE) program this week. While investors have priced in this monetary policy move, lots of questions remain concerning the details of that program. Will German opposition to sovereign bond purchases dilute the final program? Or will it be akin to those that we have seen from the United States and Japan? The answer will probably be somewhere in between. Due to the makeup of the European Union, the ECB cannot make unilateral decisions, especially when they contrast with the wishes of the influential German central bank. And yet failure to act ... (full story)