ECB's Draghi Can't Afford to Mention Tapering: Brzeski

The transcript discusses the European Central Bank's (ECB) quantitative easing (QE) program, focusing on its extension, challenges, and impact on economic recovery and bank profitability. It highlights the scarcity issues in bond buying and potential rule changes to address them. The discussion also covers political considerations affecting ECB decisions and future economic projections, including the role of fiscal stimulus and inflation expectations.

What is the expected duration for the extension of the QE program mentioned in the text?

What are the two main drivers supporting the recovery according to the discussion?

What concerns are raised regarding the impact of QE on bank profitability?

What rule change is suggested to help the ECB avoid scarcity issues in bond buying?

What is the significance of the upcoming French elections in relation to ECB policy?

What structural factors are mentioned that keep inflation rates low?

How does the speaker view the possibility of fiscal stimulus from European governments?