- Bond buying program was effective when it was needed
- Would not throw bond-buying program away too soon, could be a useful safety belt
Is Nowotny making a play to be the alternative to Weber to replace Trichet? Weber bucked the majority of the ECB board to oppose the bond buying program last spring and remains an outspoken critic today.
EUR/USD is consolidating losses around 1.3930, unable to hitch its star the surging gold price