Markets Count on Draghi to Extend ECB's QE Program

The transcript discusses the European Central Bank's (ECB) monetary policy, focusing on the extension of the quantitative easing (QE) program, its impact on markets, and the challenges faced by the ECB. It highlights the expected continuation of QE at €80 billion per month, the potential for tapering in the future, and the need for fiscal support from European governments. The effectiveness of QE is debated, with concerns about political risks and the slow pace of economic recovery. The ECB's policies are seen as broadly effective, but inflation remains a concern.

What measures does the speaker suggest the ECB needs to take to improve the economic situation?

What concerns does the speaker express regarding inflation in the eurozone?