ECB cuts interest rate to 1%

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Uploaded by on Dec 8, 2011

Speaking in a press conference in Frankfurt, President of the European central Bank, Mario Draghi, on Thursday announced that the ECB will cut interest rates to 1%. Mr. Draghi also added that inflation is likely to stay above 2%.

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  • To understand better who and why Greek and EU Debt is under pressure, read story below in Reuters, Hedge-Funds paid 10 to 40 cents on the Euro for that Debt from Banks, and now they are trying to get 100% from EU Taxpayers and Consumers : Hedge funds hunker down for Greek debt standoff , reuters.com/article/2012/01/13­/us-hedge-funds-greece-idUSTRE­80C0KJ20120113 , this is what Shakespeare called the evil ways of the "money lenders" , what a criminal shame ! financialtools1.blogspot.com

  • @ymeri78 Draghi will only do what Germany allows him to do. The only major central bank that is not directly purchasing government debt.

  • fuckin idiot this italian fuck! he will couse hyperinflation in euro area shit!

  • Next year they will pay the banks for borrowing newly printed money...

  • the S&P is not eternal nor are the central banks, just look at history

  • more money printing....FU EU

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