Benoit Coeure touched upon Draghi’s speech last week in the Bloomberg interview
“What president Draghi wanted to clarify last Friday is why we’re doing what we’re doing, and what it would take to do more. He’s building on the Governing Council’s commitment, that we’re ready to do more if needed, so we’re watching the situation very carefully. We’ll be discussing it, particularly when we meet next in December. There’s unanimous agreement in the Governing Council that there might be situations where we’d
have to do more.”
As I pointed out earlier, Germany’s Weidmann is the only one not to have uttered the unanimous line in any speeches. We may get a better understanding of arguments between members in January as the ECB will start publishing the minutes, but we do not know to what level or how much. This will also be announced next week.
