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What Will Draghi Do This Week And How Will The Euro Respond? - Citi

From efxnews.com

Investors had to digest a lot of euro negative news of late with concerns about the bailout and bail-in in Cyprus growing into fears about the future of the banking union in Europe. Against this background investors will approach the ECB meeting this week keen to know what President Draghi plans to do to address further funding strains and uncertainty in the Eurozone banking sector. In that regard, Citibank's base case for the outcome of this meeting is as follows: "We suspect that the ECB could highlight this week the existing liquidity programs and may even ease again their collateral requirements. A main refi rate ... (full story)

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