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germany backs the money printing against the bundesbank

“His support for Mr Draghi is crucial. While the ECB can, in theory, enforce its policy by majority vote, it would be hazardous to do so against German opposition. “This is a significant turning point,” said Raoul Ruparel from Open Europe. “Asmussen was hand-picked for the role by Merkel. It means that Draghi has managed to crack what seemed like a solid German wall.” ”

Meanwhile, Spain digs in their heels:

“The Spanish are bargaining over terms. Finance minister Luis de Guindos said over the weekend that he would not trigger the mechanism until the ECB pledges unlimited bond purchases.”

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draghi suggests he may do the right thing, and print money without limit

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