Dear eurozone, why can’t we all just get along?

Some pre-ECB musings from Lombard Street’s Dario Perkins (with our emphasis):

Market economists remain divided on the issue of whether the ECB will do QE, not because they disagree about whether it is needed – here there is near unanimity – but because they aren’t sure Mr Draghi can overcome philosophical and technical opposition from some of his colleagues…

Fortunately, those opposed to QE at the Bank seem to have softened their stance a little recently.