Too Long; Didn't Read
The <a href="https://hackernoon.com/tagged/ecb" target="_blank">ECB</a> has ended quantitative easing, their 9 year experiment of keeping rates low by initially purchasing covered bonds, and later expanding to sovereign credit, government agency and institution bonds, and even European corporate debt. The ECB’s balance sheet, which reached levels equal to 30% of the GDP of the entire European Union, is now set to unwind. The reason for hawkish policy in Europe is inflation, but more importantly, I believe Europe attack the fear of inflation quickly and aggressively. Here is why: