More money, more problems? Draghi's QE quandary

ECB President Mario Draghi is confident about what the central bank's QE program will achieve, but a number of risks pose a threat to his plan.

It’s the most precisely anticipated QE program announcement in history. With a total spend in line with expectations for €1.1 trillion of government and corporate bond purchases, and partial shared risk between member countries, the ECB’s plan landed just on broad market expectations in the City.

But amid the careful execution and delivery of the bank’s final announcement -- following weeks of blatant hints -- several comments scratched a sharp line under its struggles to control the vastly more important expectations on growth.


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