we have got jens weidmann coming up in a few minutes' time. ing bird driven, draghi is a dove, jens is a hawk. how much is he going to upset the apple cart? equities has benefited. the u.k. party ukip has dealt another blow to david cameron, it won a second seat in parliament in less than six weeks. philippe legrain is the author of "the european spring." good morning. do you think that is the case, the victory was enough that if you were a conservative mp deciding whether to defect you will go? >> there are lots of conservative mps panicking at ukip's rout. they are also sympathetic in many ways to ukip's argument. inp has won two byelections a row. a generalo very near election. that might stay the hand. there's a bandwagon gathering force. both the tories and labour are panicking. >> which should panic the most? >> so far, the conservatives have suffered most. in terms of defections. if you look at where ukip voters come from. more recently, ukip voters are coming from the labour party. you have the resignation of emily thornberry over the u

. >>> and the head of the bundes bank, jens weidmann has spoken out against plan toes buy government bonds. he said the move could be a moral hazard. that has had an impact on the euro. let's bring in anatoli center societe generale. thank you for joining us in studio. the dovish comments was cheered on by investors, but now it's receiving pushbacks by german policymakers. will this pushback delay mario draghi's plans to unveil quantitative easing which by the way is what the market is pricing in right now? >> i think it's a bit of positioning going on ahead of the next meeting in december. there will be detailed discussion based on some of the background work that the ecb has done. and we will see. it is a valid discussion that they need to have. >> so is it going to be a game of cat and mouse or should we expect some type of resolution to come to place? >> we'll see. it's a very difficult question because one of the issues is really what can qe achieve at this point? i can that's a more relevant issue. and we are very doubtful ourselves. but, clearly, its data will come in lower ag