GO
Loading...
 

QE in Europe: a Political U-Turn

Tue 31 Jul 12 | 01:00 AM ET
 Highlight transcript below to create clip
Transcript:  Print  |  Email
    This term does not appear
Go
 Click text to jump within video

QE in Europe: a Political U-Turn

Tue 31 Jul 12 | 01:00 AM ET
"We're talking the ECB potentially doing Bank-of-England style QE at some point, so it's a very significant change," Stephen Gallo, FX strategist at Crédit Agricole Corporate and Investment Bank, told CNBC. "From the FX perspective, currency-wise, this is the most difficult move towards easier monetary policy ever, it is tradable," but some forces are euro-positive and others could be very euro-negative, he said. "It's a balance between what peripheral countries need and what core countries need... but it also has a risk of potentially disrupting the an orderly political situation between North and South."
 
RELATED ARTICLES AND CONTENT
More Videos
Go
Displaying results for: Latest Video | US