Internal Feuding Within the ECB Over Tapering: Reflections on Monetary Policy

Mish Talk:

At the Fed, the debate is over normalization of the balance sheet. The Fed has already finished tapering. The ECB is still addicted to a balance sheet build-up. But

In contrast, the ECB is still addicted to a balance sheet build-up. But internal feuding has picked up with Germany and the hawks on one side and doves on the other.

Bloomberg reports ECB Officials Disagree on How Much Is Too Much for Stimulus Plan.

Cont.....