"The ECB's decision could end deflationary pressures (ie, reduce selling pressure in the Eurozone stock markets) and stimulate growth in Europe (ie, inflate EuroStoxx valuations and P/E multiples), which is good for Japan (ie, owners of Tokyo-listed equities) and the world (ie, the Richest 1%)."
"Countering such a trend is the most important thing we can do. Whatever we can do, we will," Kuroda said.
"We took stock of the situation less than a month ago, we looked again at all the parameters and we are convinced that the minimum exchange rate must remain the cornerstone of our monetary policy," Danthine declared.
"We estimate that 85% of SMI sales come from overseas, and many of the large-cap names generate 90-95% of their revenues from sales outside Switzerland. With the Franc worth around 17% more than it was a day and a half ago – the Franc is now nearly at parity with the Euro – Swiss companies must face the challenge of absorbing what amounts to a 17% reduction in revenue on every item sold in the Eurozone."
"I'm confident that the economy will be able to cope with this decision. Companies are in a far better position than in 2011 when the cap was introduced."
"...the danger of contagion is limited because Portugal and Ireland are considered rehabilitated. In addition, the European Stability Mechanism (ESM), the Eurozone's bailout fund, is an effective rescue mechanism and is now available."
"If Alexis Tsipras of the Greek left party Syriza thinks he can cut back the reform efforts and austerity measures, then the troika will have to cut back the credits for Greece, " warned Merkel's chief advisor Michael Fuchson January 3rd. "The times where we had to rescue Greece are over. There is no potential for political blackmail anymore. Greece is no longer of systemic importance for the Euro."