ECB's QE Resumption Opposed by French, German, Dutch Governors

The video discusses the European Central Bank's (ECB) decision to restart its bond purchasing program and cut rates, led by Mario Draghi. Despite overwhelming support, several Eurozone countries opposed the decision. The market reacted by buying euros and selling bonds, causing German yields to rise. The bond purchase program is set at €20 billion a month, lower than expected, but is open-ended, raising concerns about the 'japanification' of Europe.

What was the reaction of major eurozone countries to Mario Draghi's decision to restart the bond purchasing program?

• They were mostly against it.

• They were indifferent.

• They unanimously supported it.

• They were all in favor except Germany.

How did the markets react to the ECB's decision?

• They found it insufficiently dovish.

• They found it overly aggressive.

• They were overwhelmingly positive.

• They were neutral.

What was the expected monthly amount for the bond purchase program according to Bloomberg intelligence?

• €20 billion

• €50 billion

• €30 billion

• €45 billion

What concern does the open-ended nature of the bond purchase program raise?

• It might lead to hyperinflation.

• It will lead to a rapid economic recovery.

• It will cause a financial crisis.

• It could result in the 'japanification' of Europe.

What was the actual monthly amount set for the bond purchase program?

• €40 billion

• €30 billion

• €20 billion

• €10 billion