- Among the moves being considered by the ECB, according to Reuters, are two-tiered charges to banks leaving cash with the central bank, the purchase of regional bonds, and even the acquisition of ABS of distressed loans.
- "We have deflation, so you have to do something," says a source. "How this all looks in a few years, nobody knows."
- The ECB meets next week, so we won't have to wait long to hear the real story.
- The euro (NYSEARCA:FXE) has dropped below $1.06, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 1.2%, led by Germany's (NYSEARCA:EWG) 1.5% advance.
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