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Assurances on Euro by Central Bank Chief Lift Stocks

New York Times Original article ›

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Mario Draghi, head of the ECB, and the eurozone crisis with Italian bond yields approaching 8% in Dec. 2011

11/10/2011

Draghi addresses the issue of large scale purchases of bonds of Italy and Spain to ease pressure on bond yields, by leaving open the possibility of action if the EU countries take the necessary steps for a strict budgetary framework.

Grouped Articles

Return of Long-Term Bond Buyers Seen as Crucial to Europe

New York Times 06/29/2012

German Court to Weigh Bond Buying by E.C.B.

New York Times 06/10/2013

Europe Bonds May Offer More Value

Wall Street Journal 08/23/2013

Euro Strengthens as Fears Fade

Wall Street Journal 01/12/2013

Bonds of Italy, Spain Narrow Gap With U.S., German Yields

Wall Street Journal 04/09/2014

As Bond Markets Twist, Investors Shout

Wall Street Journal 06/10/2014

How Mario Draghi, ECB president, sees the problems in the eurozone and policy direction in 2012-2015

01/11/2010

A wide ranging interview with Mario Draghi by Wall Street Journal reporters Blackstone, Karnitschnig and Thomson, which gives insights on how Draghi sees solutions to the crisis in the eurozone and future policy. Draghi favors good fiscal consolidation which combines freeing up labor markets and structural changes for Italy, Spain and other southern countries, with spending reductions, and capital investment in the future as opposed to tax increases for current spending and lack of capital investment for future growth. He points out that with excessive debt to GDP ratios there is no alternative to this right kind of fiscal consolidation. The fiscal consolidation gives the structural changes time to be put in place..

Grouped Articles

ECB Moves Markets, Not Economy

Wall Street Journal 05/03/2013

The Man Who’ll Do Triage on Europe’s Banks

New York Times 10/20/2013

ECB Struggles With Low-Altitude Flying

Wall Street Journal 11/10/2013

Euro Strengthens as Fears Fade

Wall Street Journal 01/12/2013

Bonds of Italy, Spain Narrow Gap With U.S., German Yields

Wall Street Journal 04/09/2014

E.C.B. Plots Strategy for Staving Off Deflation

New York Times 05/26/2014

Risks associated with Spanish and Italian banks increased holdings of government debt in 2012

07/13/2011

Spanish and Italian banks bought a large portion of the goverment bonds of their countries under the Long Term Financing Operation launched by ECB chairman Mario Draghi in Dec. 2011. This calmed the financial markets by lowering the bond yields for Spain and Italy, but raises new risks as analysts focus on the risks of the deficit and declining economy in Spain.

Grouped Articles

Spanish Banks More Vulnerable Than Italy's

Wall Street Journal 07/13/2011

Return of Long-Term Bond Buyers Seen as Crucial to Europe

New York Times 06/29/2012

Europe Bonds May Offer More Value

Wall Street Journal 08/23/2013

As Bond Markets Twist, Investors Shout

Wall Street Journal 06/10/2014

ECB Makes Trend Your Friend

Wall Street Journal 06/10/2014

Spanish and Italian Banks, Once More Buying Bonds, Seen as Vulnerable

New York Times 04/08/2012


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