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ECB Cuts Benchmark Interest Rate To 0.5 Percent

Thursday, May 2, 2013 - 8:35 AM
European Central Bank president Mario Draghi says the bank is working with other European institutions to find a way to get more credit to small and medium size companies — and spur a lagging economy.

Draghi said the consultations would focus on creating a market for securities backed by loans to companies.

ECB cuts benchmark interest rate to 0.5 percent - Yahoo! News

Signore Draghi in yet another attempt to emulate his idol Ben Bernanke.
ShorebreakShorebreak2,674 posts since
Apr 6, 2010
Rep Points: 14,508
1. Thursday, May 2, 2013 - 9:03 AM
"...emulate his idol Ben Bernanke."

Oh, no!  This is not good news for Europe over the long term:D
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427