ECB not Buying Bonds, but “Gearing Up”

ECB gearing up to buy euro zone bonds | Reuters.

Every article I read about Draghi’s comments gets funnier. The ECB decided to do nothing; that should be the headline. What we see instead are euphemisms.

This is what Draghi really said:

  1. The ECB is not doing anything.
  2. We were thinking of doing something, but we ticked off the Germans.
  3. It’s really up to the politicians to do something.

https://dareconomics.wordpress.com/

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