UniCredit's Nielsen Expects January 2018 ECB Taper

The transcript discusses the European Central Bank's tapering program, its announcement, and the potential market impact. It highlights the press conference dynamics, where officials often deny tapering discussions. The conversation also covers the program's limitations and opportunities, emphasizing the importance of wording and market reactions. The European economy's positive performance is noted, despite concerns about the program's scalability and duration.

What does the speaker imply about the limits of what can be bought under the current program?

In what way has the economic program been successful according to the speaker?