Mario Draghi holds a presser with the Brits. I mentioned yesterday that much of the 489 billion euros ($640 billion) that banks borrowed from the European Central Bank will go to paying off prior, shorter-term loans from the central bank. What's next from Mr. Draghi and the ECB? Read More
Economists at major international banks are sounding off this morning on today's big announcement of a coordinated action by central banks around the globe. Read More
Posted By:Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland, and Visiting Professor at London Metropolitan UniversityCNBC Guest Blog - Europe
The euro crisis rumbles on. Prime ministers are changing as a direct result of the currency’s troubles, although really what this illustrates is that the countries affected were already in a lot of economic trouble anyway; it’s just that their membership of the euro currency union speeded up the change in government. Read More