Tag: Ewald Nowotny

Ewald Nowotny
Thursday, July 26th 2012 - 19:51 UTC

ECB to the rescue of Spain and Italy and avoid collapse of Euro zone

Draghi: will do whatever it takes to preserve the Euro and “we have whatever it takes”

European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the Euro zone from collapse, including acting to lower unreasonably high government borrowing costs.

Friday, June 15th 2012 - 19:23 UTC

Euro central banks prepared for any ‘Greek surprise’, anticipates Draghi

Draghi said the Eurosystem will “continue to supply liquidity to solvent banks where needed.”

The Euro zone economy faces serious risks and no inflation threat, European Central Bank President Mario Draghi said on Friday in comments that heightened expectations the ECB could cut interest rates or take other policy action soon.

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