> Given the political constraints from Deutschland limiting the ability of the European Central Bank to launch into Fed-style monetary base expansion This is n

> Given the political constraints from Deutschland limiting the ability of the European Central Bank to launch into Fed-style monetary base expansion This is not so. The Bundesbank gets regularly overthrown by the majority in the ECB panel when it comes to decision about this. Respectable Bundes-Bankers have already resigned, because of that. Thats why the ECB holds billions (i.e. american billions = 1e9) of greek, italian, spain, portugese state debt. And this despite the fact that the ECB is not allowed to engage in financing states by the treaties. And all this despite the no bailout rule in the treaties. The treaties are not worth more as a piece of used toilet paper, but the politicians cannot understand why the hell people get more and more anti EUR.