European Central Banlk Preview: Here Comes Another €500 Billion In QE
Last March, the ECB’s then-brand new boss Christine Lagarde sparked a mini crisis when quipped that it was not the job of the European Central Bank to narrow the gap in borrowing costs between the eurozone’s stronger and weaker members.

The resulting bond selloff and market mess prompted the ECB’s chief economist Philip Lane to secretly call some of the largest asset managers to calm them that Lagarde had no idea what she was talking about and to stop selling.