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Reply #24: Hilliary Clinton has said she's hopeful [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-08-11 08:13 AM
Response to Reply #9
24. Hilliary Clinton has said she's hopeful
Edited on Thu Dec-08-11 08:14 AM by Ghost Dog
1.01pm: Hilliary Clinton has said she's hopeful for eurozone decision that the world can rally behind.

12.52pm: Some instant reaction from Carsten Brzeski, chief economist at ING.

"The ECB just decided to cut interest rates by 25bp, lowering the refi rate to 1.0%. Within a month time, the Mario Draghi has eradicated the hotly contested rate hikes of his predecessor. Ironic enough, the rate cut itself will not be the most sensational decision of today's meeting. It had been expected and was almost the bare minimum the ECB could deliver in the current situation. During the press conference at 2.30 pm CET, all eyes will be on possible additional unconventional measures."

Howard Archer of IHS Global Insight:

" While an important step, the interest rate cut is almost a sideshow to the main event, which is what future action will the ECB take regarding its bond purchases?
Substantially greater ECB action is widely seen as vital to easing Eurozone sovereign debt tensions."

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