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By Marlene Y. Satter, AdvisorOne |
September 6, 2012
For the first time since March, the price of gold rose above $1,700 per ounce on hopes that the ECB would announce a plan for unlimited purchase of sovereign bonds as a means of combating the financial crisis.
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By Marlene Y. Satter, AdvisorOne |
September 5, 2012
ECB President Mario Draghi’s plan to buy bonds will be unlimited but will also be focused on government bonds with short maturity, and also will be sterilized to avoid any charges that the central bank is printing money.
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By Marlene Y. Satter, AdvisorOne |
September 4, 2012
Sharon Bowles, chairwoman of the EU assembly’s economic and monetary affairs committee, berated fellow committee members after comments made by ECB President Mario Draghi in a confidential meeting were leaked to the media.
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By Marlene Y. Satter, AdvisorOne |
September 4, 2012
Despite the prime minister's about-face from austerity opposition to austerity enforcer, public sentiment in Germany and Austria is rising against any further help to the beleaguered country.
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By Marlene Y. Satter, AdvisorOne |
September 4, 2012
ECB President Mario Draghi is set to unveil his bond purchase plan on Thursday.
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By Marlene Y. Satter, AdvisorOne |
August 30, 2012
The ECB head wants to buy bonds, and he doesn’t want to wait—and says it’s not necessary—to wait for closer political unity among European nations to do so.
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By John Sullivan, AdvisorOne |
August 29, 2012
Mohamed El-Erian of PIMCO detailed the four most pressing issues affecting the global economy. Surprisingly, China was listed fourth.
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By Marlene Y. Satter, AdvisorOne |
August 17, 2012
Chancellor Angela Merkel of Germany voiced her approval for the need for conditions attached to any bond purchases by the ECB.
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By Marlene Y. Satter, AdvisorOne |
August 13, 2012
Investors are pulling money out of Bunds and seeking what they see as safer investments.
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By John Sullivan, AdvisorOne |
August 7, 2012
Draghi told the world that the ECB will act like a central bank of a United States of Europe.