Germany and quantitative easing: QE phobia

Posted: January 23, 2015 in economy
Tags: , ,

UK Only Article: 
standard article

Fly Title: 

Germany and quantitative easing

Rubric: 

Many Germans still feel uneasy with the thought of unconventional monetary policy

Byline: 

L.G.

Location: 

BERLIN

Main image: 

20150124_wbp503.jpg

“ARE the ECB’s bankers making our money kaputt?” Bild, Germany’s best-selling newspaper, has a way of saying what many Germans are thinking, while putting into plain German what others would render into tongue-twisting Teutonic syntax. Bild’s implied answer is, of course, “yes”. To say that Germans do not like quantitative easing (QE), which the European Central Bank (ECB) announced at long last on January 22nd, would be an understatement.
The DAX index of leading German stocks shot up on the news that the ECB would begin QE. But this does little to comfort ordinary Germans, few of whom own shares. They share the view of many top German economists that QE without harder …

via Economic Crisis http://ift.tt/1CqknKG

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