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
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
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.