More indignation still being directed at the < ZIRP policy. They won't drop it. IMF will take Schauble's side in this as they need positive yields too; just like the European pensioners. ECB is fine with < ZIRP as they are probably the recipients of the negative yield so F the other two.
Only thing that will get us out of this is more meaningful US Fed rate increases.
Tense dinner parties in DC -- Draghi's German baggage follows him to Washington https://t.co/dI5JFNC0Zv #ECB pic.twitter.com/CmSX1UIEhw— Fergal O'Brien (@fergalob) April 14, 2016