Don’t call QE something it’s not

The shortfall would then need to come from ABS and covered bond purchases, yet even allowing for such measures, it remains unclear whether the €1Tr figure can be achieved.

“That can be an obstacle, although not a problem. A problem would be calling quantitative easing something that it is not, especially if this QE does not assume any risk,” Mr Vigil added.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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