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The ECB's Mario Draghi and efforts to overcome the opposition of Jens Weidmann of the Bundesbank to bond buying

10/02/2012

An account of how the ECB's Draghi struggled to ovecome opposition from the Bundesbank to his decision in July 2012 for unlimited bond purchases of sovereign bonds of Italy and Spain to reduce bond yields and borrowing rates on debt. Draghi's famous words at the time were that the ECB would take decisive action: "believe me it will be enough." To do this he had to work closely with Finance minister Schauble and chancellor Merkel of Germany to overcome opposition from German media.

Grouped Articles

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

New York Times 06.10.2013

German Election Overturns Political Order

Wall Street Journal 09.23.2013

Euro Strengthens as Fears Fade

Wall Street Journal 01.12.2013

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

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As Bond Markets Twist, Investors Shout

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ECB Makes Trend Your Friend

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ECB’s Draghi Sees No Bubble in Eurozone Government Bond Market

Wall Street Journal 10.13.2014

ECB’s Coeuré Sends Strong Signal on Asset Purchases

Wall Street Journal 12.18.2014

Not Quite Checkmate for the Bundesbank

Wall Street Journal 12.22.2014

How ECB Chief Outflanked German Foe in Fight for Euro

Wall Street Journal 10.02.2012

Europe Seeks a Spain Strategy

Wall Street Journal 10.18.2012

Italy and Spain Win Surprise Bond Relief

Wall Street Journal 10.19.2012

MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' Ties

Wall Street Journal 12.12.2012

E.C.B. Sees a Healing Euro Zone but Warns of Risks

New York Times 12.14.2012

How Jawboning Works

Wall Street Journal 01.11.2013


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