Mario Draghi's Diabolical Spiral
Thursday, 2 August 2012 Mario Draghi did a press conference today. "Everyone" was eagerly awaiting it, and nobody seemed to understand it makes no difference what he says. At least, that is, from the point of view of saving the euro, or Spain, or Italy, or the eurozone. Draghi let slip a dumb remark last week at what was essentially no more than an ...
Source: IBTimes.com - on August 2, 2012
The European Central Bank President Mario Draghi said on Thursday that while the ECB is prepared to actively intervene in the rescue of the European markets, it wouldn't replace any bail-out packages.
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