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Vocal Criticism Against ECB

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    Louise Cooper, BGC Parters senior market analyst, on the G7 Summit and Fed meeting.

  • Duration 2:38
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Let's go live to London we're joined now by BGC partners senior analyst Louise Cooper good morning always it's great to see you you and I not good morning -- -- -- -- -- while.

You know this meeting of suntech -- You've been busy girl that this me today Louise between on the -- Merkel Mario Monti I mean do we expect some real headlines to come out of this what are you watching war.

It it could get quite critical omitted the end of the day I'm glad not -- expect to -- Dick give Marion -- to tell.

The defense guiding with kicked out of they that the positioning it's -- almost a year guy because that EC people -- -- Italian bonds.

But by the -- didn't like they with reforms that he promised.

I'm not -- the ECB aptly.

And so we've now got the new technocrats.

-- in its -- and he has insects quite slow to perform to be honest.

That he does not want to see you.

An -- against -- -- -- strong seven positions especially the Bundesbank position.

Against ECB bond buying which of course would bring down -- borrowing costs.

And other things as wells are expected to be questioning critical meeting between the two of them are right in the one of the things -- has been I think sewage into watching our political perspective is on the long Oracle's position within.

Her own party there's been so much pressure -- On her.

To frankly take Germany out of the line of fire Italy and Spain's.

Debt crisis do you think that L'Oreal wants see -- not like as you mentioned you know she hired him basically.

Do you think that Mario -- -- to can convince her.

To hang end and have the Germans continue to back the debt of Italy and Spain -- frankly her her job is on the line at this point.

Well what's also interesting is the criticism from the Bundesbank -- we've had -- but despite members leave the ECB governing council.

-- not -- -- the the second thing in credit been vocal in its criticism.

All of that what the ECB's attempted to do now we don't know what the ECB yet.

We promised in -- -- that Jackie would do -- tight but haven't seen the that was something in the Financial Times today suggesting the Bundesbank is spicy or in the YE ahead of -- the announcement that morning not happy with a bump on buying.

They really -- that the ECB is starting to monetize government debt.

And they really unhappy about a number of the things I think it's all going on in the background it's very difficult.

Enough coal to take a -- the completely opposes the Bundesbank -- -- tough position season.

All right Louise Cooper from BGC is great to see you -- It's back on and -- yet.

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