Italian Prime Minister Mario Draghi resigned on Thursday after the ruling coalition collapsed. Draghi’s government will remain as a caretaker until a new one is formed, a statement from the president’s office says. Draghi met with President Sergio Mattarella to …
Despite winning a confidence vote, Italian Prime Minister Mario Draghi said he would resign after the populist Five Star Movement, a coalition ally, pulled its support for the government. In a roller-coaster day of politicking in Rome, Italian President Sergio …
https://twitter.com/WallStreetSilv/status/1512041814148231172 Mario Draghi: “Do you prefer peace or the air conditioning on? That’s the question we should ask ourself”. pic.twitter.com/ErT6E5X4aq — David Carretta (@davcarretta) April 6, 2022
by Shaun Richards Yesterday we were reminded of what has been one of the longest running themes of the Euro area and to some extent the European Union.The reminder was provided by the Prime Minister of Italy and the President …
by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior cycles: Heavy-Duty Truck Orders Hit the Brakes in March Trucking …
by Martin Armstrong I cannot stress enough that Mario Draghi has really destroyed the European economy on an unprecedented scale. I know people who worked on trading desks years ago when Mario Draghi, before he was head of the …
by Shaun Richards As we travel the journey that is the credit crunch era we pick up some tasty morsels of knowledge along the way. Some were provided by Mario Draghi and the European Central Bank yesterday which announced this. …
via fxstreet: Below are some key highlights from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 November 2018. The data that have become available since my last visit in September …
by Shaun Richards After a week where the UK has dominated the headlines it is time to switch to the Euro area. This is for two reasons. We receive the latest inflation data but also because a speech from European …
by John Ward As bond rates widen between Berlin and Rome, ECB boss Mario Draghi faces a damned-if-you-do-or-don’t moment. Either he reverses direction on the QE wind-down, or he offers the bond markets some serious reasurance about the Italian default outcome. …
by Martin Armstrong Mario Draghi said the euro-area economy is strong enough to overcome increased risk, and therefore this justifies the European Central Bank’s decision to end bond purchases bringing to an end a decade-long failed experiment. The truth behind this …
via hedgeye: The Big Three Central Banks, U.S., Japan, and ECB are running out of time trying to hide the fact that they’re imploding in front of our eyes. It really looks from all the global news generated here that …
by Martin Armstrong COMMENT: You were here in Brussels a few weeks ago. Suddenly, the ECB is talking about the need to merge the debts to prevent a crisis. So your lobbying here seems to work. RGV, Brussels REPLY: I do not …
by Martin Armstrong QUESTION: Why are long-term yields on risky European debt below that of US Treasuries? Is this the European bubble madness? HN, Frankfurt ANSWER: This is unquestionably a bubble, but the buyer has been the ECB (European Central Bank). Yields on …
by Martin Armstrong Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face to face with the stark reality that if the ECB …
A private club for central bankers, regulators, and bankers. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Wednesday, ECB President Mario Draghi suffered the rare ignominy of being criticized in public by the EU’s Ombudsman, Emily O‘Reilly, whose …
by Martin Armstrong For the first time, the head of the European Central Bank, Mario Draghi, has conceded the possibility that the EU may fall apart. Draghi came out and said that any member leaving the Eurozone would need to …