An interesting weekend intervention by ECB policymaker Yves Mersch who said there was no question of winding up QE early and that inflation, still skulking around zero, would stay there until autumn then rise sharply late in the year towards 1.5 percent.
from The Great Debate:
Earlier this month, Tunisia's newly elected parliament cobbled together a coalition government led by a secular party that included its Islamist rivals, who had been democratically ousted from power. The new government, coming on the heels of a historic presidential election, a new constitution and the first democratic elections to be held during the Arab Spring, marks an astonishing democratic culmination in the birthplace of the movement. It has also proven hard to replicate.