ECB at end of the road, says German finance minister

To German finance minister Wolfgang Schäuble, the European Central Bank is at the end of the road.

Economists including Malcolm Barr and Greg Fuzesi at JPMorgan Chase & Co say ECB president Mario Draghi’s destination may still be a quantitative- easing effort to jump start the sputtering euro-area economy.

“We think that Draghi is front-running the Governing Council to push them for more stimulus,” Mr Fuzesi wrote last week. “The Bundesbank is unlikely to give up its fundamental concern about moral hazard.”