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ECB Policy Criticised by German Central Bank Chief Weidmann
Jens Weidmann, the chief of the German Central Bank is presently engaged in a progressively intense and high stakes fight involving the response of the ECB policy towards the ongoing crisis in the euro zone with Mario Draghi, the President of the European Central Bank. The struggle began on Thursday after Draghi implied that the European Central Bank could once more intercede in debt markets so that the crippling debt costs troubling Italy and Spain could be diminished.
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Asian market rallies on ECB comments
Asian markets rallied on Friday due to reassurance made by European Central Bank President Mario Draghi that “the ECB is willing to do whatever it takes to preserve the euro,” whilst Samsung Electronics noted record profit.
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European Central Bank’s 120 Billion Euro Subsidy Enhances Bank Profit
The European Central bank subsidy that could reach as high upto 120 Billion Euros has benefited many banks. The European Central Bank subsidy …
