Germany finds historic parallel for opting out of QE

The stage may be about to be set for a rerun of a shadowy episode in monetary history under which the German Bundesbank brandished an opt-out from support for weaker central banks on the European currency scene. The exemption was contained in a secret agreement in November 1978 between Otmar Emm…

Original post:
Germany finds historic parallel for opting out of QE

Germany finds historic parallel for opting out of QE

The stage may be about to be set for a rerun of a shadowy episode in monetary history under which the German Bundesbank brandished an opt-out from support for weaker central banks on the European currency scene. The exemption was contained in a secret agreement in November 1978 between Otmar Emm…

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Germany finds historic parallel for opting out of QE