Draghi May See Silver Lining in Disappointing Investors
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Mario Draghi might not be too worried about disappointing investors this week.
As markets look for the European Central Bank president to unveil details of his bond-purchase program on Sept. 6, Italy and Spain are showing little willingness to request aid from Europe’s bailout fund -- a pre-condition for the ECB to start buying their debt. A jump in bond yields may remind governments that they need to act first.