Thursday, October 25, 2012

Mario Draghi The ECB President Defends The Central Bank’s Bond-buying Programme

From European Central Bank president, Draghi defends bond-buying programme, The ECB president defends the central bank's bond-buying programme in front of German MPs, who are concerned about the risk of rising inflation

Draghi faces Bundestag sceptics
The ECB president's faced an uphill task over his proposed plan to save the euro by buying the bonds of countries with distressed debt markets

Latest Greek debt crisis news, Greece urged to hire foreign technocrats, Germany is urging 'compulsory' hiring of outside experts by Athens to help collect taxes, fight corruption and privatise government assets

From Berlin we reporting, German data add to eurozone crisis, Weaker than expected German data drag down the purchasing managers' index figure for the eurozone to its lowest level since June 2009

Meanwhile, Spain prepares to make rescue request, Madrid has now found a formula it feels comfortable with to make a rescue request – a significant shift in position compared to before the summer

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