Is she doing it or not? That was the question yesterday in Frankfurt, where the headquarters of the European Central Bank is located. Does ECB boss Christine Lagarde open the money supply or not? Or rather, does she open the money supply even further? Because you cannot say that Lagarde did little to (try) extinguish the raging fire in the European house. On the contrary, in March she announced that the central bank would buy 750 billion euros in bonds. In June, the Pandemic Emergency Purchase Program (PEPP) was already expanded to a total of EUR 1,350 billion, while the term was also extended.