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Draghi press conference: The gist of his prepared remarks suggests the ECB is holding firm in...

Draghi press conference: The gist of his prepared remarks suggests the ECB is holding firm in its insistence it won't come to the rescue of governments that (it feels) continue to dally. European shares are shedding some gains, the Stoxx 50 up just 1%. The euro takes a big dive, now back to flat at $1.2457.
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Comments (3)
  • Rupert Nicholson
    , contributor
    Comments (347) | Send Message
     
    IMO, it shows responsibility from Mario Draghi and other European key players. This announcement should provide the marketplace with confidence that Europe is not as weak as many people think.
    6 Jun 2012, 01:48 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Perhaps Draghi is just a good cop.
    6 Jun 2012, 06:28 PM Reply Like
  • thesuer
    , contributor
    Comments (397) | Send Message
     
    If the Chinese reduce their interest rates it only improves their internal consumption. If the treasury does anything, not that it has to after the Beige book report yesterday, would that not reduce the value of the USD against the EURO? The Euro on the other hand rising does not help the EU which is in a recession? Is'nt Gold the only safe haven? The USD is loosing value, why, if there is no QE3 and no more operation Twist for the time being why is the Euro rising?
    7 Jun 2012, 08:17 AM Reply Like
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