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Draghi Will Be Passing on Baton With ECB in Populist Crosshairs
The European Central Bank is preparing for a new president with the economic and political challenges that have dogged Mario Draghi’s eight years in charge far from resolved. The economy is slowing again and nationalists across the bloc are challenging the principles of European integration, so the contest adds an extra layer of uncertainty as the ECB seeks to withdraw the crisis-era stimulus that’s kept interest rates at record lows. One risk is that the next slowdown strikes before policy makers have a chance to tighten significantly, leaving a new president with little ammunition to support the economy and a ... (full story)
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ITS ABOUT THE CASH NOTHING ELSE.
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