Peter Koenig – Are EU Country Central Banks “Illegally” Buying Government Bonds?

The following text is an English transcript (translation) of an RT Berlin Interview in German regarding an apparent secret agreement between the European Central Bank (ECB) and individual Euro countries’ central banks issuing large amounts of government bonds. The discovery flared up just before the FED raised its base interest rate by a quarter percent on 16 December 2015, signalling the end of zero-interest in 9 years.

RT Question:

The ECB is currently accused of having made a secret agreement that would allow Euro country central banks to buy government bonds in large quantities. We would like to explain our viewers what impact this may have on our economy. With this move, more money enters circulation which could lead to inflation – and inflation is not necessarily good for the economy.

Response Peter Koenig:

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