Nick Kounis News
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European Central Bank President Mario Draghi opened a new front in the battle against the debt crisis after cutting the benchmark interest rate to a record low today.
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The European Central Bank cut its key interest rate to a record low as the 17-nation euro region struggles to emerge from recession.
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Mario Draghi has stoked expectations that officials will deliver an interest-rate cut today even as they doubt its impact.
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Euro-area inflation at a three-year low and record unemployment increased pressure on the European Central Bank to cut interest rates later this week to spur lending and growth.
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The European Central Bank will cut its key interest rate to a record low next week as the euro- region economy slumps, according to banks including Nomura International Plc, UBS AG and Royal Bank of Scotland Group Plc.
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German business confidence fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy, adding to signs that the European Central Bank may cut interest rates.
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German business confidence probably fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy.
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European Central Bank President Mario Draghi is under pressure to reveal Plan B.
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The European Central Bank left interest rates on hold as policy makers weigh their options to increase stimulus.
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Mario Draghi’s brinkmanship has worked -- for now.
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