According to international business columnist, Ambrose Evans-Pritchard of Telegraph, 2015 is expected to bring about a new order of things in the financial world. This is so, as Fed has ceased to be the safety net of property and asset purchases, after putting an end to the historical QE.

The consequences of this action have already become visible in the totality of the monetary and banking system. According to the columnist, ECB is no longer able to salvage property purchases, since it has ceased to print and circulate dollars. On top of that, it doesn’t have the constitutional purview to intervene no matter the nature of each case. Although its president, Mr.   Mario Draghi, could technically confront Germany by imposing a full QE, he most surely won’t.

Quite the contrary, he will proceed to an unfortunate compromise which will not only incur no change in the eurozone finances, but it might actually turn out to be potent enough to cause serious turmoil on European markets.

What is more, the columnist makes reference to Greece, by distinctly saying that the country could trigger a new fiscal crisis within the EU, in case SYRIZA comes to power in the forthcoming election.