. >> nobody knows what drogbe and janet yellen talked about. what they know is europe is in a critical debate about whether to follow the u.s. down the path of an american-style quantitative easing program. the debate heated up as drage said inflation expectations are falling and said he was concerned. he said the ecb governing council will acknowledge these developments at its meeting next week. that in turn raised expectations for further action, if not next week then in the month ahead. the former fed governor said they need to do shock and awe, they're so far behind the curve, but there's some potential problems. europe, after all, is not the united states. and there could be political objections from germany and other countries. plus, rates are already very low in europe. >> the idea of doing quantitative easing sounds good because they're doing some. in is a little lower than they would like, let's do something. but if you look at the treasury yields in germany, italy, spain, most of them are at or below where the u.s. ten-year yield is r