by Tetsuya Inoue
Whatever it takesComing on the heels of ECB President Draghi's speech in London in late July, the ECB's Governing Council meeting in early August attracted a great deal of attention in spite of the summer holidays. It was at this meeting that the ECB announced its intention to undertake a new round of government bond purchases, which represents a major shift in policy strategy inasmuch as the ECB's Security Market Program (SMP) was conducted largely on an ad hoc basis. However, Mr.
*Organization names and job titles are current as of the publishing dates
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