European investors pulled back from the stock market Monday after a weekend, which showed that Germany and France still does not quite agree to how the crisis should be handled. While France wants as quickly as possible a launch of a joint bank union, German Chancellor Angela Merkel does not want to set a time for it.
Showing posts with label Angela Merkel. Show all posts
Showing posts with label Angela Merkel. Show all posts
Monday, September 24, 2012
Tuesday, September 4, 2012
Currency: Speculation on the ECB's intentions strengthens euro
Euro strengthened against the dollar and the yen on Tuesday morning on speculation that the ECB's president, Mario Draghi, will give the debt-ridden euro countries a helping hand by buying their bonds in the market.
According to Jean-Paul Gauze, who sits in the European Parliament for France, Mario Draghi said to the European parliament that he was open to the possibility of buying government bonds years in the market with a maturity of up to three.
According to Jean-Paul Gauze, who sits in the European Parliament for France, Mario Draghi said to the European parliament that he was open to the possibility of buying government bonds years in the market with a maturity of up to three.
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