Germany moves? Not so fast!

The ECB didn't take any action at its governing council meeting last Thursday, but that doesn't mean nothing happened. ECB president Mario Draghi gave the clearest signal yet that the central bank is committed to using unconventional policies-including controversial quantitative easing (QE)-to address low inflation in the eurozone.

This is the first time the ECB has ever admitted to having serious discussions about QE. Draghi's comments came off the back of an admission ...