Mario Draghi joined the club of those delaying return of Greece to the international markets. The European Central Bank will not consider including Greek government bonds in its asset purchases program before a pending bailout review is concluded and creditors agree to ease the country’s burden, Mario Draghi said on …
Read More »
Draghi praises EU citizens’ support to Euro as Berlin pushes for his German successor
“The EU and the euro always commanded the support of the majority of European citizens.” President of the European Central Bank, Mario Draghi said on Thursday. Draghi was speaking during a ceremony where he received a honorary doctorate form the University of Tel Aviv. Key highlights from Mario Draghi’s speech: …
Read More »
ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone
A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed that …
Read More »
1000+1 reasons why investors do not invest in Greece
It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural -see: labor – reforms. It is about Mario Draghi, the European Central Bank …
Read More »
Draghi’s awkward memory moment: Not the role of ECB to use its monetary policy to force governments to reform
It is a working psychological survival strategy: one creates a bubble, gets in and lives comfortable and nicely till the end of the days. When the bubble is drawn with bright colors, the protection is almost perfect – especially when these bubbles are institutions like the European Central Bank. Too …
Read More »
Lion of ECB, Mario Draghi, attacked by FEMEN activist during press conference (video, picts)
He was humming down data and figures, interest and inflation rates, his monotonous voice had already hypnotized his audience to close eyes and softly dose away. Suddenly, a screaming Erinys, an infernal Fury, a revenge-seeking goddess from an antique Greek drama jumped in front of him, hurling confetti and shouting …
Read More »
ECB Mario Draghi officially denied “Grexit – Plan Z” in April 2013
European Central Bank chief Mario Draghi apparently lied during a live press conference when he was asked whether there was a Plan B on Greece. It was back in April 2013, when Mario Draghi dismissed the option “there was a plan for the euro zone exit of the debt-ridden country.” …
Read More »
ECB wins court case to conceal Greek debt secrets
Secret documents revealing the extent of the European Central Bank’s knowledge of Greece’s concealed debt issues prior to its €240bn (£195bn) tax-payer funded rescue have been withheld in a “disturbing” EU court ruling. Internal papers, which detail Greece’s use of complex financial trades to hide its level of debt, were …
Read More »
ECB’s Mario Draghi Saves the Euro with Bond-Buying Plan
Ufff! The euro is saved. And together with euro, we, debt-ridden European Southerners, are save too. Head of European Central Bank, Mario Draghi announced on Thursday, that the ECD will buy bonds of countries in debt crisis until they recover. Draghi’s decision comes despite Germany’s objections fearing that member states …
Read More »
ECB-Draghi Calls On Bailout Countries to Further Lower Minimum Wages
Mario Draghi, head of European Central Bank found the solution to to production, especially in the bailout countries of the Euro Zone. “Urgent need to improve competitiveness and have labour forces work for dumping prices through further lowering the minimum wages” is the magic formula proposed by the ECB-chief. In the monthly …
Read More »
Open Letter to Mario Draghi (ECB): Difficult to Save the Euro, When…
Head of European Central Bank, Mario Draghi, is expected to announce some measures to save the euro. While the markets anticipate to hear the news, normal citizens and taxpayers of the European Union and the euro zone try to figure out what’s the importance of Draghi’s intervention and how these will affect …
Read More »
EU Investigates ECB Chief Mario Draghi Over Alleged Conflict of Interest
Hardly had we found a euro zone savor, i.e. ECB-Chief Mario Draghi, it looks as if we may lose him again. The European Union saw itself enforced to investigate allegations raised against Draghi by NGO Corporate Europe Observatory, an EU-focused lobbying tracker. CEO accused Drahi of lacking of independence because of his membership to …
Read More »