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Economics

Draghi Faced Unprecedented ECB Revolt as Core Europe Resisted QE

  • France, Germany, Netherlands opposed immediate QE resumption
  • ECB Markets Chief Benoit Coeure was also against the move

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ECB's QE Resumption Opposed by French, German, Dutch GovernorsSource: Bloomberg
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European Central Bank governors representing the core of the euro-area economy resisted President Mario Draghi’s ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter.