Mario Draghi, president of the European Central Bank, spoke with Brian Blackstone, Matthew Karnitschnig and Robert Thomson of The Wall Street Journal on Feb. 22 about the importance of austerity in Europe, the Greek bailout deal and the ECB’s recent decision to exempt its Greek bond portfolio from losses. WSJ: What inning are we in … Continue reading
The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a “haircut” on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. Eurozone finance ministers meet on Monday to approve the next tranche of loans from the EU … Continue reading