by The Silver Bug, Sprott Money Blog:
Peter Praet, chief economist with the ECB made a number of comments last week to a German newspaper alluding to the fact that the ECB is open to entertaining additional rounds of QE.
Fast forward to today and similar comments are appearing in a Dutch newspaper, Het Financieele Dagblad. The comments in the Dutch newspaper are similar to what Peter Praet discussed, but go much more into specifics. Although these comments are coming from an unknown source, market participants are paying them heed, due to their similarities.
It is now known, that contagion is setting in across the Euro zone, with the ECB fearing deflation due to the plummeting price of oil and the ramifications this is having on the Russian economy.
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