FX.co ★ ECB thinks over QE details

The European Central Bank (ECB) wants to create a new version of QE so that most of the risks and spending will be incumbent on weaker countries of the currency block such as Greece and Portugal. The regulator supposes these countries should either find extra funds or form special reserve funds that will serve as a guarantee against high risk on their debentures. The information was provided to journalists by anonymous sources, the ECB withheld comments. Such version of QE will help Mario Draghi to attract more supporters in the ECB Governing Council. The version may be highly accepted by Jens Weidmann. Up to now the President of the German Bundesbank was categorically against the sovereign bonds retirement of the eurozone's countries. Nowadays, the market participants are sure that the European Central Bank will announce the bonds retirement on the meeting on January 22.