Carbon-Dioxide: the gas of life!
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Draghi's Oil-Crash Struggle Evokes ECB Reply to 2011 Spike
Five years after the European Central Bank was misled by rising oil prices, Mario Draghi must decide how to respond to slumping ones. In 2011, as head of the Bank of Italy, Draghi was on the Governing Council that raised interest rates to curb energy-led inflation -- and unwittingly helped tip the euro area into recession. As ECB president, amid a Chinese slowdown that’s throwing international markets into turmoil, he’s now judging whether to look through crude’s crash or act to shore up euro-area inflation and safeguard the recovery. Investors are watching for hints that the council, which meets on Thursday, ... (full story)
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Carbon-Dioxide: the gas of life!