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Draghi Seen Bypassing QE Qualms to Hit Balance-Sheet Goal

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Mario Draghi will succeed in boosting the European Central Bank’s balance sheet back toward 3 trillion euros ($3.75 trillion), though he’ll have to override some policy makers’ qualms on quantitative easing to do so.

That’s the majority view of economists in Bloomberg’s monthly survey, who have become more optimistic that the ECB president will meet his goal. Most predicted he’ll have to buy more than covered bonds and asset-backed securities though, and 72 percent said any stimulus expansion will be against the wishes of some national central-bank governors.