America and G B you would have to say it's helped but as always there is people such as pensioners that pay price Germany and Europe are different people when it comes to finance But if Draghi was to take this road it would help B O I shares
I have gone from thinking QE will not happen to a view that in Q1 it will. Germany hates it but France and Italy need it. Today's TLTRO take up was weak at E130bn - banks not lending. Draghi increasingly vocal about 'intention' to expand the ECB balance sheet to E3tn: QE one way to do it. Soon the Euro Area Advocate General will opine on the legality of QE. If he says yes, expect the ECB to sanction it. Then expect lower Govt. bond yields (Bunds and peripherals), which will benefit Ireland; and weaker Euro (esp. if Fed hikes mid 2015) also will benefit Ireland. EUR:USD 1.10 by end 2015 possible. BKIR will benefit from this (Ireland has growth and QE will underpin it, at least in the short term).
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