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 implications does the potential end of QE have for the European economy?

What is the significance of the silent majority in the context of Draghi's policies?