Dragons, “the Qe works,” Euro-dollar toward parity ‘- AGI – Agenzia Journalistic Italy

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20:20 March 11, 2015

(AGI) – Frankfurt, March 11 – “The slowdown in economic growth is showing signs of a turnaround.” Supports ECB President Mario Draghi, during an event in Frankfurt. “The economic recovery – he adds – can ‘gradually widening and probably stronger.” However Draghi warns that recent upward revisions to the ECB “are conditioned to the full implementation of the measures announced.” The ECB bond buying program puts the Eurozone away from the contagion of the Greek crisis, Draghi said. “We witness – he explains – to new declines sovereign yields of Portugal and and of other countries, despite the renewed Greek crisis”. “This – he added – suggests that the bond purchase program while shielding the euro area from infection.”
Draghi admits that the bond purchase program is not ‘risk-free. “We understand that our measures may involve risks to stability ‘financial but these risks are contained.” “The bond purchase program – says – can ‘work and is unfolding in order to stabilize inflation.” The main European stock markets rebound, after the words of Mario Draghi, according to which the Qe works and repairs the euro area from the contagion of the Greek crisis. Euro more and more ‘close to parity’ with the dollar, in the wake of ‘quantitative easing’ initiated by the ECB. The currency closed down at $ 1.0589 to $ 1.0556 after updating its minimum for 12 years, and falls to its lowest in almost two years on the Japanese currency to 128.16 yen. Stable dollar / yen, at an altitude of 121.48. Lastly, the thud of the pound to a minimum of 20 months on the greenback to 1.4926 dollars. (AGI).

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