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Germany Boasts Balanced Budget, Resists Euro Zone Stimulus - Yahoo Finance

ECB executive board member Benoit Coeure told German newspaper Die Welt that the bank was http://rosarioxybe.soup.io/post/511776479/Burns-To-Make-Debut-Batting-Sixth-For ready to take a decision when it meets on Jan. 22. However, he held open the possibility of a delay, while saying Greece's general election on Jan. 25 would not influence the bank's monetary policy path. "The discussion is far advanced," said Coeure. "Last week, we discussed a lot of technical details." In a Reuters poll this week, eight out of 20 money market traders forecast the ECB's Governing Council would launch bond purchases (visit) this month, with almost all the rest expecting an announcement at the next ECB meeting in March. Germany's influential Bundesbank and conservative financial establishment oppose so-called quantitative easing (QE) - creating money to buy securities and stimulate the economy. They question the need for monetary stimulus at a time when falling oil prices are bringing an economic boost, and argue that buying government bonds raises legal and moral hazards, and could bring future losses for German taxpayers. Whether the ECB presses ahead with full-blooded QE despite German misgivings depends partly on a legal opinion to be delivered in the European Court of Justice on Wednesday.
More: http://finance.yahoo.com/news/germany-boasts-balanced-budget-resists-182850363.html

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