Quantitative Easing in de eurozone

“Gutentag, Merkel !”.

“Hello Angela, this is François speaking, calling from Paris. How are you doing today?”

“Danke François, merci, tout va bien. I’m very busy here,  trying to bring Putin and Porosjenko together.  Anyway, what can I do for you, François? How is the weather in Paris?”

“The weather is terrible, but that is the least of my worries. Do you know I had to kick out some of the more radical guys of my government? We call them “les frondeurs”.  They were rebelling against the Deutsche Sparpolitik in the EU, can you imagine?”.

“Yes, indeed, I have heard something of the kind. Well done, François, and keep up the good work! Now, what can I do for you? My time is precious and I am expecting a return call by Vladimir any moment!”.

“Well, my dear Angela, you know that I will keep the French budget deficit within line, well, maybe a little bit out of line, un tout petit peu, but not too much, you know? Just like we agreed, France will not set a “mauvais exemple” for the Italians and the Spanish. Now, my question to you is: can you give a call to Mario Draghi, this week?”

“Mario? Um Gotteswillen! Why should I call Mario?”

“ I was just talking to Emmanuel Macron, our new Minister of the Economy. Briljant guy, only 36 years old, former Rothschild banker. Emmanuel has very interesting ideas, and he thinks that Mario should open his suitcase and take out the Big Bonanza”.

“The Big Bonanza? Mein Gott! What kind of language is this? François, listen, I am warning you!”

“No, Angela, you listen very carefully.  It is me who is warning you. If Mario does not open his suitcase, and comes out with his Big Bonanza, we will all go down together. We have no economic growth  left and unemployment is rising. If I can not stop this, Marine le Pen will take over this country”.

“Mein Gott, that would be an absolute nightmare. OK, I will speak to Mario this evening”.

“Thank you very much, Angela. I am counting on you. Goodbye”.

“Goodbye, François”.