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IPFS News Link • Germany

"Count Draghila": A Furious Germany Reacts To Draghi's Monetary "Horror"

• https://www.zerohedge.com, Tyler Durden

Back in March 2016, when the ECB cut rates and expanded its QE (in an operation that just like Thursday left market's underwhelmed, and sent the EUR surging), Germany's press responded not too kindly to Draghi's monetary largesse with Handelsblatt, in an article titled "The dangerous game with the money of the German savers", provided a metaphorical rendering of what is happening in Europe as follows

Fast forward three and a half years later, when Mario Draghi, one foot out of the ECB's Frankfurt HQ on his way to retirement, doubled down in what appeared to be the final push in European monetary policy, when the central banker cut interest rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower.


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