NYT “Talk tough, and open the vaults.” The European Central Bank, seen above in Frankfurt, is lending $640 billion to 523 banks to ease the credit crisis. That should be the slogan of Mario Draghi, …
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FT The European Central Bank has cut eurozone official interest rates for a second consecutive month in response to the region’s escalating debt crisis and darkening economic prospects. The reduction in the ECB’s main policy …
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CNBC The International Monetary Fund on Wednesday denied a report in Japan’s Nikkei newspaper that the Group of 20 nations were planning to assemble a $600 billion IMF lending facility that could be used to …
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WSJ- Tomorrow’s Tape: Rate Expectations Economics: 7:45 a.m. ET: ECB rate announcement. Will Jean-Claude Trichet’s last splash include a rate cut? It might not, but it should. 8:00 a.m.: The Bank of England rate announcement …
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