Commentary: ECB ponders reinvestment options
By David Marsh and Ben Robinson in London
The pernicious politics of Europe’s quantitative easing reflect the innate complications of carrying out unified monetary operations across a disparate 19-country region. These realities will overshadow the intricate technicalities of QE reinvestment next year.
The ECB is ending net asset purchases because of the improved euro area economy – but the fruits of the recovery are unevenly spread. Italian and Greek...