Can Mario Draghi Deliver on ECB QE Expectations?

The transcript discusses the current market anxiety due to uncertainty and expectations around the ECB's bond buying program. It highlights the potential volatility in the market, particularly concerning Monte Passkey and the BTP boon spread. The discussion also covers geopolitical risks that Mario Draghi must consider in ECB decisions, and the impact of tapering on peripheral spreads and the euro. Additionally, it addresses the repo market stress and the challenges faced by the ECB in maintaining liquidity while owning a significant portion of the market. The transcript concludes with the notion that the ECB's policy is nearing its end due to unintended consequences.

What are the potential consequences of the ECB's bond purchasing strategy on the euro and peripheral spreads?

Discuss the implications of tapering bond purchases as mentioned in the text.