Posts Tagged ‘mario draghi’

European Central Bank (ECB) head Mario Draghi reportedly working on an unlimited, sterilized bond buying plan

To help troubled euro zone countries like Spain and Italy lower their cost of borrowing, European Central Bank (ECB) head Mario Draghi is reportedly pushing for a plan to purchase unlimited amount of their government bonds. Draghi is expected to present his plan for approval by the ECB’s governing council. Article © AHN – All […]

ECB president Mario Draghi raises possibility of 3-year government bond purchases

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – European Central Bank (ECB) president Mario Draghi has once again made remarks that support a move by the bank to help struggling euro zone countries through purchase of government bonds that have maturity of three years or less. Several European MPs have revealed that […]

European Central Bank (ECB) president Draghi readies bond buying plan but offers no specifics

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – European Central Bank (ECB) president Mario Draghi on Thursday revealed the possibility of the ECB intervening in the bond market to battle the crisis, although he never offered any concrete action. People expecting for a grand solution were left disappointed by Draghi’s statement in […]

ECB, Bank of England set to stimulate Europe’s economy

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – If the ECB proceeds with the quarter percentage rate cut, it will be the first time for its benchmark interest rate to fall under 1 per cent, setting it at a record low 0.75 per cent, essentially bringing its deposit rates to zero. The […]