Recently, we overheard one wag saying: "A consensus is the most assured way to get whatever is being consented to wrong."
Now we don't know if anyone at the ECB is listening, but waiting for a consensus is just another other form of CYA. Politicians and bureaucrats love CYA. It's the old "misery loves company" couched in alphabetic slang. Here is a decent read http://www.marctomarket.com. Will they or won't they?
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