ECB Not Announcing End of QE an 'Impossibility,' BofA's Preusser Says

The transcript discusses the state of European reforms, highlighting that while some reforms have been implemented, others remain pending. The focus shifts to the implications of these reforms on the European Parliament elections in 2019 and the potential impact on Macron's political capital. Concerns are raised about the incomplete institutional agenda in Europe and the risks posed to financial markets. The transcript also addresses the European Central Bank's (ECB) monetary policy, emphasizing the challenges in halting the normalization process due to political constraints and the nearing 33% limit in several countries.

What is the main concern regarding the European Parliament elections in 2019?

• The number of reforms passed

• Macron's political capital

• The role of the ECB

• Germany's economic policies

What opportunity did France have that Germany did not?

• A better monetary policy

• A stronger fiscal policy

• A window for institutional reform

• A chance to lead the EU

What is a major risk mentioned for the European markets?

• High inflation rates

• Trade wars with the US

• Political instability in the UK

• Monsters under the bed

What is the ECB unlikely to stop doing next week?

• Reducing inflation targets

• Implementing new fiscal policies

• Announcing the end of QE

• Increasing interest rates

Why is it politically difficult for the ECB to change its course?

• Due to US trade policies

• Because of the 33% limit

• Due to high inflation

• Because of Brexit