Angela Merkel’s head of the CDU’s economic council, Kurt Lauk is the first out to throw stones at the ECB

  • Says ECB seeks to hide economic problems by monetary policy measures
  • ECB can only buy time with QE

No doubt he won’t be the last

Update: What did I just say? No sooner do I hit print than another of MErkel’s party, Hans Michelbach says that the ECB move breaks rules in state financing and is an admission that ECB policy has failed to impact the real economy.