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‘Draghi the Politician has Won Another Key Fight’ — Strategists

From blogs.wsj.com

The euro dived below 1.24 against the dollar for the first time since August 2012, while European stocks took off as European Central Bank President Mario Draghi made very clear Thursday that there is no lack of unanimity within the governing council, as one report this week had suggested, and that the central bank is planning to boost the ECB’s balance sheet back to March 2012 levels. That will involve adding up to €1 trillion ($1.24 trillion) of assets. Remember the stimulus measures taken by the ECB in June and September to support the sluggish eurozone recovery? They will contribute to bring the size of the ECB’s ... (full story)

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