Mario Draghi

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What’s Important in the Financial World (11/30/2012)

Draghi on Eurozone Recovery European Central Bank President Mario Draghi told media outlet Europe 1: "We have not yet emerged from the crisis. The recovery for most of the euro ...
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Greek Unemployment at Record High

The Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those ...
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What Will Draghi Say About Future Rate Cuts?

To virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone ...
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ECB Leaves Interest Rates Unchanged

The European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%. Today's statement from the monetary policy decisions says: At ...
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ECB Prepares for Legal Challenges to Bond-Buying Plan

German newspaper Bild said today that the European Central Bank and the Bundesbank have in-house lawyers checking on the legality of the ECB's new bond-buying program. They are investigating both ...
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Today’s Market Winners and Losers

Stocks climbed Thursday after the European Central Bank head Mario Draghi said the bank  would consider buying government bonds in unlimited quantities to stabilize financial markets. Thursday's winner beat earnings expectations, while ...
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Bank of England Waits for Draghi

The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The ...
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High Stakes, No Limit ECB Bond-Buying Plan

At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put ...
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Draghi/ECB Sets Stage for Unlimited Sterilized Bond Purchases

Bloomberg Television is reporting that the European Central Bank president Mario Draghi is going propose embarking on unlimited sterilized bond buying, although it will refrain from attempting to reach public ...
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Bundesbank President Weidmann May Step Down

The chief of Germany's powerful central bank may step down. German newspaper Bild reports that German Bundesbank President Jens Weidmann will resign. The reason given is his battle with ECB President Mario Draghi ...
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Battle of Wills Between ECB and Bundesbank Chiefs Continues

The war of wills between ECB chief Mario Draghi and Germany's Bundesbank continues, as the chance that the European Central Bank will have a free hand in buying sovereign debt of weak ...
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Draghi’s Full Press Comments After ECB’s No Rate Cut Decision

Mario Draghi is out with his post-ECB report trying to explain the "no rate cut" action this morning -- the European Central Bank left rates on hold. We signaled that ...
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U.S. Markets Set to Open Lower Despite Rallies Overseas

While European stocks rose to a four-month high and most Asian markets advanced, U.S. stock-index futures are lower this morning. No major U.S. economic reports are set for release today. ...
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Germany Turns Against ECB Bond Plan

Germany has formally rejected the plans of the European Central Bank (ECB) president, Mario Draghi, to buy sovereign paper, which could range into the tens of billions of dollars, to ...
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The Emerging Markets Slowdown Trifecta

Anyone who bet that India, Brazil and China would slow down in an exact order was a winner. Actually, it is hard to say where the drop-off began and when. ...
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