Posts

FTG Blog - Draghi Pledged 'Whatever It Takes.' It Took 1.2 Trillion Euros

Draghi Pledged ‘Whatever It Takes.’ It Took 1.2 Trillion Euros

So how much did it end up taking after European Central Bank President Mario Draghi memorably said five years ago he’d do “whatever it takes” to save the euro? Read more

FTG Blog - It's Five Years Since Draghi's 'Whatever It Takes'

It’s Five Years Since Draghi’s ‘Whatever It Takes’

Five years ago today, Mario Draghi was talking about bumblebees. The European Central Bank president’s speech in London on July 26, 2012, became instantly famous because of his pledge to do “whatever it takes” to save the euro. But for all the power and clarity of that phrase, he started his remarks more obliquely. Read more

FTG Blog - Draghi Can’t Stop Eastern Europe Bond Rally

Draghi Can’t Stop Eastern Europe Bond Rally

Not even Mario Draghi can stop the comeback this year in eastern European bond markets. Local-currency bonds from Poland to Hungary have advanced this month in the face of growing concern the European Central Bank is on the cusp of reducing its unprecedented stimulus. The rally extends a 6.7 percent return for the region’s debt in the second quarter, the best in emerging markets. Read more