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Why Mario Draghi can’t back down from ECB taper hints
You could almost forgive Mario Draghi if he wanted to sit this one out. The European Central Bank president and his cohorts seem to be struggling to fine-tune their message to financial market participants on the outlook for the institution’s bond-buying program. He’ll get another crack at it on Thursday when he holds a news conference following the meeting of the bank’s policy-setting Governing Council. The ECB is committed to buying 60 billion euros ($69.1 billion) of bonds each month through the end of the year. Investors want to know what happens in 2018. Many economists expect the ECB to continue the ... (full story)