View full page at forexfactory.com

 

How the ECB Plans to Use Its Big Bazooka

From spiegel.de

Until recently, Mario Draghi was regarded as a man who understood the markets. The head of the European Central Bank (ECB) worked at investment bank Goldman Sachs for years, and he had studied under such renowned economists as Paul Samuelson and Franco Modigliani. At receptions in Frankfurt, the German banking capital, the elegant Italian was as adept at discussing the latest accounting guidelines as he was at talking about golf handicaps. He was known in the financial world as "Super Mario." That reputation has been tarnished since last week. Shortly after Draghi began a highly anticipated press conference last ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News