We had to give oxygen to the system in the form of QE – ECB’s Coene

FXStreet (Mumbai) - In an interview with a Dutch daily, Belgium Central bank chief and European Central Bank (ECB) Governing Council member Luc Coene said that theoretically any euro area member could leave the currency bloc if it wanted to, but he stressed that he could not imagine which nation would want to do so.

Coene stated, "If a country decided to leave, why shouldn't it be allowed to happen? I can't imagine what country that would be, but theoretically that can always happen,"

"Now we've learnt the lesson,"

On ECB's soon-to-be-launched QE program he noted, "We saw inflation expectations fall sharply. We had to give oxygen to the system."

"Now we're waiting to see how big the effect is," "We have to be careful not to inflate any bubbles."