Could EU Inflation Bolster Draghis Calls for QE?

The video discusses the expectation of inflation coming in at negative 0.1%, indicating potential deflation. This could prompt Mario Draghi to start quantitative easing by purchasing government bonds. Upcoming events include consumer confidence data, an ECB meeting on January 22nd, and Greek elections on January 25th. The German argument suggests that lower oil prices are stimulating the economy, despite driving down headline inflation. Recent data shows inflation at 0.11% in Germany, with negative figures in Greece and Spain.

What data point are the speakers waiting for before the January 22nd meeting?

What are the implications of potential deflation in Germany as discussed in the text?