Merkel and Schäuble Warning Shot at Draghi...

Discussion in 'Economics' started by Nighthawk, Aug 31, 2014.

  1. Germany´s Spiegel is reporting that Merkel and Schäuble called Draghi and asked for an explanation for his comments in Jackson Hole:

    http://www.spiegel.de/politik/deuts...dert-mehr-investitionsprogramme-a-989009.html

    Happens not often that Merkel and Schäuble call Draghi. A warning shot de luxe...

    The article ends in Merkel and Schäuble confirming austerity policies still valid.

    Conclusion: Forget about QE from ECB for the time being. Germany is against it. Look for EUR/USD gap opening.
     
  2. shadyz

    shadyz

    I disagree. I think we see close to 1.20 in the next months