Merkel attacks central banks

[Skip to the end] >   Karim writes: >   Surprising comments show political difficulties of QE in Europe. With fiscal policy constrained >   and the Euro strong, that means more pressure on ‘conventional’ monetary policy: ECB to >   keep o/n rate low for long. Yes, agreed. Shows no understanding of monetary operations whatsoever. With the old German model they had tight fiscal to keep domestic [...]