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Commentary

Mario Draghi

Thu, July 26, 2012
Global Investment Conference

"The ECB is ready to do whatever it takes to preserve the euro."

"The euro is like a bumblebee - it shouldn't fly, but it does," said Draghi. "The euro needs to change into a real bee, and it will."

 

Tue, June 25, 2013
ECB Press Conference

[F]rankly the ECB has not done anything to increase volatility in the markets. If you think that the ECB has done anything that is comparable to what is happening in the other central banks, we would not agree with this perception. I think that all in all we are currently taking a much more conservative stance, although our monetary policy remains accommodative and, as I said, it will stay accommodative for as long as needed. But, certainly, we have observed an increase in global volatility, coming from major monetary policy decisions or announcements of decisions that may be taken in the coming months. However, I do not think that the ECB has in any way been a source of this; I cannot really find any data to support this.