“Draghi has questionable ability”.

“To QE or not to QE that is the issue for Mario Draghi”.

To “cut rates” or “not to cut rates”. Or to “do whatever it takes” ?  Draghi did say this didn’t he.

Well don’t expect definitive clarity at “today’s news conference” because it won’t happen. “Draghi now has the job of defending his questionable abilities” an overvalued Euro and skilfulness which is waning in front of World leaders.

Update: 14:18, Well what did you expect. No change, he has just protected his backside.

Update 08:55 14th July 2014,

 Draghi announced the ECB (European Central Bank) would give banks a Trillion + Euro liquidity (money) to The “?” Solvent European Banks.    (mm, this drastic action by the ECB expert Draghi, didn’t work in 2012, with 2.2 Trillion Euro. Why should “Draghi repeat action” work this time.
 
 NOTE comment below, it was posted : 17th June 2012 
 
WHY IF THE BANKS ARE SOLVENT DO THE ECB NEED TO KEEP PROVIDING THEM WITH LIQUIDITY, ( GIVING )THEM MONEY?.
 
Also the ECB said there is no inflation in the Euro area and no prospect of it.
 
Just on which planet is the ECB spokesman?

 

 


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