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%.
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
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
financialtools1 1 month ago
@ymeri78 Draghi will only do what Germany allows him to do. The only major central bank that is not directly purchasing government debt.
xaviqaz 2 months ago
fuckin idiot this italian fuck! he will couse hyperinflation in euro area shit!
ymeri78 2 months ago
Next year they will pay the banks for borrowing newly printed money...
BugMagnet 2 months ago
the S&P is not eternal nor are the central banks, just look at history
mtklaric 2 months ago
more money printing....FU EU
mtklaric 2 months ago