Draghi’s Machiavellian Stroke Of Genius Or The End Of ECB Credibility
- Friday, August 3, 2012, 2:03
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Thursday came with what has been described pretty much by everyone with a voice in the matter as a disappointment by Mario Draghi and the European Central Banks. While expectations of an ECB bazooka had been pared back, Spanish and Italian bond yields spiked on news that no bold bond buying plan would be unveiled, and stocks across the world, from Europe to the U.S., tanked.
http://www.forbes.com/sites/afontevecchia/2012/08/02/draghis-calculated-disappointing-of-the-market-paves-the-way-for-ecb-bond-buying/
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