Rethink On Draghi Triggers Tightening

09 Aug 2012

After the initial dismay, sovereign credit spreads staged a remarkable recovery following a reappraisal of European Central Bank President Mario Draghi’s latest press conference.

After the initial dismay, sovereign credit spreads staged a remarkable recovery following a reappraisal of European Central Bank President Mario Draghi’s latest press conference.

Most participants now seem convinced the ECB is ready to intervene in the bond market as long as peripheral countries--read Spain and Italy--formally request aid ...

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