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Europe’s Economy Needs Action, Not Words

Bloomberg  View, (2015), “Europe’s Economy Needs Action, Not Words”, 4 Σεπτεμβρίου

European Central Bank President Mario Draghi is something of an expert at moving markets by doing nothing, and he showed his prowess again yesterday. He said the ECB stands ready to stimulate Europe’s sluggish economy further, but has no plans to do so right now. That was seen as dovish, so European stocks advanced, euro bond-yields declined, and the currency slipped 1 percent.

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