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Title: ECB waits German Court on FSF/€uroArea Treaty + prepares novel Market action Post by: ACM on August 02, 2012, 03:14:10 PM ECB practically waits German Constitutional Court's verdict on FSF/€uroArea Treaty, scheduled for mid-September at nearby Karlsruhe, but meanwhile, the Frankfurt body starts preparing possible Novel Market action on Bonds, while also keeping its Bank re-financing Interest Rates at the recent low level. To put it in a nutshell, that's the main substance of ECB's President Draghi's official anouncement (of a collective decision by ECB's Governing Council), and his subsequent Replies to Press Questions. (More + Better, eventually, to come asap) |