Global Investment Conference – Mario Draghi, President of the European Central Bank

Mario Draghi, President of the European Central Bank, speaking at the Global Investment Conference at the British Business Embassy on 26th July 2012.
Video Rating: 4 / 5

This is the man who claimed he can save the euro. After weeks of uncertainty, European Central Bank’s chief Mario Draghi on Thursday unveiled a much-awaited bond-buying plan. The scheme includes buying ‘unlimited’ amounts of short-term government debt from troubled countries and it is designed to lower the borrowing costs of Italy and Spain. Draghi also said the scheme was a “fully effective backstop” and that the euro was “irreversible”. But the ECB will only intervene if debt-ridden countries request financial aid from the eurozone rescue fund and only under strict conditions. “If the Central Bank were to intervene without any action on the government side, without any conditionality, it would not be effective”, Draghi said. But not everyone on the ECB’s governing council agreed with Draghi’s attempt to rescue the single currency. Earlier this month, Germany’s Bundesbank president showed strong opposition to the idea. He warned that debt-laden countries could excessively rely on the ECB and therefore, fail to implement tough economic reforms. While Mr Draghi was announcing the ECB’s plans, German Chancellor Angela Merkel was meeting Spanish Prime Minister Mariano Rajoy to discuss the eurozone crisis. Spain has so fur refused to ask for a full-blown bailout.
Video Rating: 3 / 5

Tags: , , , , , , , ,

23 Responses to “Global Investment Conference – Mario Draghi, President of the European Central Bank” Subscribe

  1. slauer26 November 28, 2011 at 6:41 am #

    Where is Farage … maybe in the U.S. and going to desintegrate the states into countries…..

  2. BugMagnet November 28, 2011 at 7:21 am #

    If they want to save the Euro with a common solution, they should coordinate their economic policies around value creation. The salaries in an economy should be proportional to the average value creation per year. And guess what: Greeks have almost the same saleries as germans but their value creation is some ridiculous 10% compared to their german counterparts. It is no wonder that their economy is down, they are utterly unproductive and overpaid

  3. BugMagnet November 28, 2011 at 7:29 am #

    Yes Draghi is in the history books, for breeching the ECB mandate and every contract of the EMU, for abusing his position to benefit his own country even if it means direct contradiction to his purpose of keeping inflation low.
    The ECB target inflation is 2% and what did he do when inflation was at 3.4%? He printet 1.000.000.000.000 € and gave it away for 1%!! He paid banks to lend inflationary created money!
    And the ESM if ii won’t be stopped will ruin europes top economies to benefit the worst

  4. koppellhinex November 28, 2011 at 8:15 am #

    (_̅_̅_̅(̲̲(̅_̅_̲̅м̲̅a̲̅я̲̅i̲̅j­̲̅u̲̅a̲̅n̲̅a̲̅_̅_̅_̅()ڪے­~

    DRUGLORDS & BANKS are SWINE & MENACE to ANY & OUR ECONOMY.
    they DESTROY our INNOCENT SOCIETY. they SOCIALIZE. DECEIVE. PROFIT. TERRORIZE etc. etc..

    SLOWLY but SURELY they KILL us all HONEST. HARD WORKING. HAPPY. PEACE & FREEDOM LOVING PEOPLE.

    DRUG LORDS promote VIOLENCE & TERRORISM in our WORLD SOCIETY.

    DRUG LORDS has NO SOUL. they belong to SATAN. they make REALITY a REALM of HELL.

    ” BURN DRUG LORDS ALIVE & OCCUPY THE WORLD.!!! “

  5. koppellhinex November 28, 2011 at 8:20 am #

    CAPITALISM creates DRUG LORDS. LAWYERS. BANKERS. ELITE CRIMINALS. INEQUALITY. INSTABILITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. ☠ ☢ ☠ ☢ ☠ ☢

    CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. NARCOPOLITICIAN. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc..

    HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

  6. slauer26 November 28, 2011 at 8:57 am #

    No! This man is amazing! He has done what he promised!
    What until now , no single EU politician has dared! It is now time The Eu-politicians to put their differences down and accelerate the EU economie uphill again!
    He is now in the history books!
    If he even could give a work to almost everybody this would be great!
    Hoping Karlsruhe will approve the ESM tomorrow otherwise thanks to german for bye bye Europe!

  7. lottacowshere November 28, 2011 at 9:32 am #

    Former Goldman Sucks now in charge of EU printing press. What could possibly go wrong? But if EU paymaster Germany says “no”, it’s game over. So will Merkel commit political suicide supporting this gasbag or respect her country’s rightful fear of inflation? Stay tuned.

  8. IWashMyOwnBrain November 28, 2011 at 9:33 am #

    Just keep bailing because the water is getting higher every day…..

  9. pg9112471 November 28, 2011 at 10:31 am #

    Quantitative easing is only a bandaid that will buy some time and then back to more quantitative easing meanwhile inflation, inflation, inflation. And more austerity.

  10. x8zz November 28, 2011 at 11:30 am #

    hey and dont forget to wear your fake beard mario

  11. x8zz November 28, 2011 at 12:06 pm #

    Fuck Mario / Go save princess / we now playing angry birds instead

  12. x8zz November 28, 2011 at 12:31 pm #

    up cost of gold in APC now..its the time // but decrase oil prices.

  13. RoyalSatanas November 28, 2011 at 12:52 pm #

    All I can hear is the cry of desperation amongst thieves. And the battle-cry of death looming in the air at this conference. Sadness and lament is here in Europe. Look world, look at what real criminals look like right here. No longer has the EU or ECB have credibility.

    Sucked the land dry, that’s what they have done. Europe is now a wasteland a victim of fraud, greed, deception, laundering, corruption, repression, and above all violated all human rights to protest against Europe itself.

  14. MRRM828 November 28, 2011 at 1:19 pm #

    RESCUE?? Fucking bankster fraudsters

    ECB is a privately owned corrupt “federal Reserve” REPLICA

    This artichle explains and proof what they are REALLY doing

    Ht tp://consciouslifenews.c om/verified-warnings-presidents-about-invisible-government-running-allegiance-people/1136001/

  15. RomaniaTricolor November 28, 2011 at 1:37 pm #

    Here’s a good eurozone rescue plan: no more socialists, no more VAT, no more progressive taxes!

  16. 1pen2books November 28, 2011 at 1:45 pm #

    OOOOHH !!! this is the man who can save the euro !!! ohhhhhhh what a man !!! how intelligent !!! what a genius !! a wise financial “architect” !!! OHHHH I am deeply impressed !! how is that we didn´t focused our atention on him before ? !! Imagine!! such a prodigy child !! It is incredible !
    This is the man ! this is the right “signing” for the European Union team ! The ECB will fabricate all euro notes needed without limit ! Fotocopiers, please, are you ready ? Start make photocopies ! ups !!

  17. BugMagnet November 28, 2011 at 2:10 pm #

    “You don’t want to buy italian bonds? Choke on another 10bn € !”
    Not as classy as Rambo but unfortunately real….

  18. BugMagnet November 28, 2011 at 2:32 pm #

    well duel got cheaper in switzerland and in skandinavia (except Finland) the prize was stable. And the Dollar is no benchmark for stability anyway, it is rather an alarming fact that the euro manages to inflate just as fast despite the fact that the FED openly says that they want to inflate the Dollar.
    Eurobonds would be the final nail in the coffin they would encourage everyone to indept themselves beyond help

  19. MrNu4e November 28, 2011 at 2:53 pm #

    oh please I think we can all agree that you’re the moron, trollboy

  20. MrNu4e November 28, 2011 at 3:42 pm #

    wrong dofus there is no excuse for the stupidity of trying to fix bankruptcy with the issuance of more debt.  none.

  21. jASTDK November 28, 2011 at 4:32 pm #

    So at least now it’s out in the open, that they will do anything… And they will make any attempts to save the Euro, no matter the cost, and as long as they have the mandate for it.

    I have no trust in the EU anymore. This is just rediculous.

  22. Marino39 November 28, 2011 at 4:49 pm #

    Price of oil doubled not only in Euro but also in Dollar, Yen and other currencies. I also do not agree with his bond buying program but I can understand that it is only way except eurobonds to stabilize situation.

  23. Uhmu45 November 28, 2011 at 5:42 pm #

    Great propaganda lines. Loving it. Substance does not matter my friend, keep on rolling.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]