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Just a few words from the ECB president!





the-guide
Draghi, the European Central Bank president said last week,
"The ECB is ready to do whatever it takes to preserve the euro, and believe me, it will be enough."

So wonder... Is it really enough or it's just a few words from the ECB president?

Why over half of Germans believe they would be better to leave the Euro shared currency?

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coolclay
When any politician uses words like "believe me", than you are better off running and hiding, because sh1ts gonna hit the fan!
the-guide
After ECB Press Conference today the Euro currency suddenly weaken sharply and the equity markets around the world went into a significantly negative.

Quote:
The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.


The problem is most investors had expected some immediate action such as a detailed plan for how much the ECB would spend and where. Not just what they got from Mr Draghi was undertaking and prospective promises.

But there are no substantial, nothing present from the press conference.

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