ECB Sees Chance of QE Plan Not Ready Until December

The transcript discusses the European Central Bank's (ECB) complex decision-making process regarding its bond purchase program. It highlights concerns about inflation, fragile growth, and technical constraints, such as bond scarcity in countries like Germany, Portugal, and Cyprus. The discussion also touches on policy debates within the ECB's Governing Council and compares the ECB's timeline to the Federal Reserve's past tapering program, emphasizing the tight timeframe and potential risks involved.

Why are some governors nervous about the current economic conditions?

What is the significance of the upcoming meeting for the Governing Council regarding the bond purchase program?