by Bill McBride on 7/27/2012 02:15:00 PM
Friday, July 27, 2012
From Bloomberg: Draghi Said to Hold Talks With Weidmann on ECB Bond Purchases
European Central Bank President Mario Draghi will hold talks with Bundesbank President Jens Weidmann in the coming days in an effort to overcome the biggest stumbling block to a new raft of measures including bond purchases, two central bank officials said.Maybe Draghi has found the panic button!
Having secured the backing of governments in Spain, France and Germany, Draghi is now seeking to win over ECB policy makers for a multi-pronged approach to reduce bond yields in countries such as Spain and Italy, the officials said on condition of anonymity because the talks are private.
Earlier on GDP:
• Real GDP increased 1.5% annual rate in Q2
• Q2 GDP: Comments and Investment
Posted by Bill McBride on 7/27/2012 02:15:00 PM