ECB Hawks Make Noise on QE as Doves Stay Silent

The transcript discusses the current state of the European economy, highlighting its strength and growth, with falling unemployment and low inflation. It examines the balance of power within the European Central Bank (ECB), focusing on the dynamics between Hawks and Doves. The discussion includes a chart illustrating these dynamics and questions whether Draghi is losing his majority. The Governing Council's composition is explained, noting that many members maintain a low profile but support Draghi's policies. The transcript concludes that there is no clear balance between Hawks and Doves in the ECB.

What is one of the key indicators of the European economy's strength mentioned in the video?

• Falling unemployment

• Increasing unemployment

• Rising inflation

• Decreasing GDP

What is the anticipated economic policy change by the end of the year?

• Increase in interest rates

• End of Quantitative Easing

• Expansion of monetary support

• Introduction of new taxes

What does the chart mentioned in the video illustrate?

• Doves vs Hawks in the Governing Council

• Inflation trends

• Unemployment statistics

• Economic growth rates

Who are considered the main players in the Governing Council?

• International media

• Executive Board members and Central Bank heads

• European Parliament members

• Finance ministers of euro area countries

What is the current stance of the majority in the Governing Council regarding Draghi's policies?

• They are vocal about their support

• They silently support his policies

• They oppose his policies

• They are undecided