July 28, 2012
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Schäuble Rejects ECB Help for Spain; Full Bailout Still Coming
By News DeskExcerpt from: Schäuble Rejects ECB Help for Spain; Full Bailout Still Coming
Hard hitting global and local news
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Let’s take a look at additional Draghi comments as reported in the Financial Times article Draghi hints at return of ECB bond buying The euro strengthened on Thursday after Mr Draghi said the ECB was “ready to do whatever it takes†within its mandate to preserve the single currency. “Believe me, it will be enough,†Mr Draghi told a conference in London.“To the extent that these premia have to do not with factors inherent to my counter party, they come into our mandate, they come within our remit, Mr Draghi said. “To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate.â€â€œThe ECB appears to be keen to increase the threat of the SMP being woken from its hibernation period,†Mr Wattret wrote in a note.
New home sales unexpectedly plunged today, with the biggest drop in over a year . New U.S
The mantra of eurocrats is quite obvious: When times get tough, roll out already discarded rumors and hope they stick for a while.
Spain 2-Year Treasury Yield Tops 7%, Inversion Between 5 and 10 Year Yields; Spain Sovereign Debt Restructuring Coming Up Posted by Michael Shedlock at 1:49 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
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Black Monday messages on Facebook and Twitter have gone viral in Italy as people have had enough of austerity, job losses, and uncertainty. La Stampa reports on Panic in the Network
Read the original post: Ten Major Italian Cities On Verge of Financial Collapse