FRANKFURT (Reuters) -The European Central Bank won't use its latest emergency scheme to buy the bonds of countries that make "policy errors", its Pres.
A decade of 'whatever it takes' | Jordan Times jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.
PRINCETON On July 26, 2012, the European Central Bank’s (ECB) relatively new president, Mario Draghi, famously declared that, “the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. It was a brilliant (and apparently ad-libbed) move, furnishing Draghi with his well-deserved reputation as the savior of the euro.
By Lars P. Feld, Clemens Fuest and Volker WielandBERLIN With eurozone inflation rising rapidly, the European Central Bank (ECB) recently increased its benchmark interest rate by 50 basis points and introduced a new asset-purchase programme, the Transmission Protection Instrument (TPI), aimed at limiting yield differentials between member states’ bonds. But the ECB’s latest