The first ever publication of ECB minutes confirmed that support for the new QE programme was not unanimous, suggesting that its scale will remain limited. The account, together with the Bank’s decision on emergency funding for Greek banks, added to signs that concerns about moral hazard and a reluctance to take more risk would prevent the ECB from riding to Greece’s rescue.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services