European Central Bank officials held emergency talks today as governments pressured them to buy Spanish and Italian bonds to stem the worsening debt crisis.
European Central Bank President Mario Draghi is struggling to find the right balance between saying too much and nothing at all.
Mario Draghi’s habit of springing surprises means that few can say what he’ll do when European Central Bank officials decide on monetary policy today.
Nick Kounis, head of macro research at ABN Amro in Amsterdam, says "it's too early for the Fed to move to a full-blown asset purchase program." Kounis talks with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg - The First Word."
"The idea of focusing on investment-grade assets is clever as it avoids the Greek issue, which could allow them to announce the full details of the program in January."
- Nick Kounis on Jan 09, 2015
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