He’s done it again. Mario Draghi, the head of the European Central Bank, has worked his magic and achieved exactly what he set out to do. This time, he talked down the euro. Draghi barely mentioned the currency in his prepared remarks in the press conference after the regular meeting of the… Read more >
The President of the European Central Bank Mario Draghi disappointed financial markets on Thursday when he announced that the ECB will wait to restart its bond buying program. However, a closer look at what Draghi said during his press conference should encourage both investors anxious for quick action and skeptics in Germany alike. Draghi has a plan, but he is still resisting the temptation to let politicians off the hook.
The President of the European Central Bank (ECB) was in heavily fortified Barcelona, Spain today. I believe it is the first time in the history of the ECB that it has had to be shielded from the general public and, in particular, protesters, in such a dramatic way. The police presence was… Read more >
Alexander Privitera examines the new head of the ECB, Mario Draghi, since he took the helm of the Frankfurt based central bank. According the Mr. Privitera, Draghi has indeed acted boldly, but continues to stand firm in his decision to not allow the ECB to become the lender of last resort. Mr. Draghi is growing increasingly impatient with Europe’s leaders and expects them to finally act on their promises.