"craig, Draghi made it clear that they won't be printing money. That's the "sterilisation" pledge.
What he hasn't said is how he will achieve that. But his plan to buy unlimited bonds has been interpreted as money printing.
Anyway, none of this will ever happen."
Printing money in Europe will happen, just not yet... They will try the sterilization process first but when they run out of buyers for their bonds they will have to resort to printing money, buying their own bonds because there are too many of them and not enough demand...
