Trump hits out as ECB's Draghi urges governments to spend more - business live | Business

Trump hits out as ECB’s Draghi urges governments to spend more – business live | Business

Although Draghi has done “whatever it takes” before he hands the mantle over to Christine Lagarde, it seems markets are disappointed with the ECB’s actions. Given the concerns revolving around the health of the Eurozone economy, most were expecting Draghi to launch a monetary policy bazooka before his departure. However, the argument for the ECB […]

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Asian shares weaken after ECB holds fire on new stimulus – business live | Business

Asian shares weaken after ECB holds fire on new stimulus – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The last decade has not exactly been boom-time, but we might miss it when it’s gone. Central bankers are doing their best to cushion the bumps as the global economy slows, with a new consensus around […]

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Share prices rally at Lagarde’s nomination as ECB president | Business

Share prices rally at Lagarde’s nomination as ECB president | Business

The prospect of a fresh stimulus package to support the ailing eurozone economy when Christine Lagarde takes up the reins as boss of the currency bloc’s central bank sent shares higher across Europe and the US on Wednesday. The FTSE 100 closed up 0.7% at 7,609 points after starting the week at 7,497, while the […]

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Greece may still be Europe’s sick patient, but the EU is at death’s door | Marina Prentoulis | Opinion

Greece has entered a new, “normal” phase now that the formal lending agreement with the troika (International Monetary Fund, European Central Bank, European commission) has come to an end. But after eight years of austerity, the truth is that no one can afford rose-tinted glasses. The crisis has cost Greece 25% of its GDP – […]

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Greece exits bailout programme after eight years, but Turkish fears remain – business live | Business

2.58am EDT02:58 Giorgos Papakonstantinou, who was finance minister when Greece signed up to the bailout, said he would do the same again if the country was in the same position. He told the BBC’s Wake up to Money programme: The choice we had at that point was either to allow the country to go bankrupt […]

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