Markets

Markets Aren’t Doing Much In Europe

[credit provider=”ioanna hatzipanigyri / Flickr” url=”http://www.flickr.com/photos/ioanna_hatzipanigyri/6128670788/”] Most markets are down a bit early in the European trading session.England’s FTSE 100 is down 0.1%.
Markets Aren’t Doing Much In Europe
Markets

In His Plot To Save Europe, Mario Draghi Made One Crucial Mistake

[credit provider=”ECB” url=”http://www.ecb.int/press/tvservices/webcast/html/webcast_120906.en.html”] Reuters has a fascinating special report that takes a look inside the internal negotiations on the ECB Governing Council that led to the birth of Mario Draghi’s OMT bond-buying plan to save the euro, announced on September 6.The piece details the negotiations between the Italian ECB chief […]
In His Plot To Save Europe, Mario Draghi Made One Crucial Mistake
Markets

‘FINANCIAL MARKETS CHEER THE DEATH OF THE BUNDESBANK’

[credit provider=”Die Welt” url=”http://www.welt.de/finanzen/article109060047/Finanzmaerkte-bejubeln-den-Tod-der-Bundesbank.html”] That’s the latest headline from the German newspaper Die Welt (via Google Translate).Mario Draghi said in the Q&A today at the ECB meeting that “there was one dissenting view” on the bond-buying plan and he told the reporter who asked the question that “it’s up to you […]
‘FINANCIAL MARKETS CHEER THE DEATH OF THE BUNDESBANK’
Markets

MERKEL: Everyone Needs To Watch What They Say About Greece

[credit provider=”(Photo by Sean Gallup/Getty Images) “] BERLIN (Reuters) – German Chancellor Angela Merkel voiced support for Bundesbank chief Jens Weidmann on Sunday, saying she welcomed his warnings about the handling of the euro zone debt crisis and saw his influence within the European Central Bank as positive.In an interview […]
MERKEL: Everyone Needs To Watch What They Say About Greece
Markets

How The German Bundesbank Flouted Its Own Rules And Did QE

[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/thumb/2/27/Hamburg_Bundesbank_Skulptur.jpg/635px-Hamburg_Bundesbank_Skulptur.jpg”] Bundesbank President Jens Weidmann has been one of the most outspoken critics of European Central Bank President Mario Draghi’s plan to buy sovereign bonds, a form of quantitative easing.Ironically, the Bundesbank itself side-stepped its mandate to buy public bonds on the open market back in 1975.
How The German Bundesbank Flouted Its Own Rules And Did QE
Markets

Bundesbank President Weidmann Tears Apart Critics In A New Interview

[credit provider=”(Photo by Sean Gallup/Getty Images) “] We covered the impending showdown between the German central bank president and Mario Draghi, head of the ECB, over controversial measures to support ailing eurozone countries by buying their sovereign bonds.The German Bundesbank just posted an interview from an internal staff magazine with […]
Bundesbank President Weidmann Tears Apart Critics In A New Interview