Germany sold 4.1 billion euros ($5.3 billion) of bonds today, kicking off a competition for finance that may determine whether euro-area leaders can preserve the 13-year-old single currency.
Yves Mersch lost out on the European Central Bank’s vice presidency last year. He could still move to Frankfurt: as ECB President.
"The prospect of negative euro-area inflation in December and the months ahead reinforces the probability of sovereign quantitative easing to fight the risks of a de-anchoring of inflation."
- Nick Matthews on Dec 30, 2014