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BREAKING NEWS FROM CNBC’S STEVE LIESMAN: “NORMAL” FOR DRAHGI TO TALK TO MEMBERS OF GOVERNING COUNCIL: ECB SPOKESPERSON

Steffanie Marchese
Friday, 27 Jul 2012 | 2:24 PM ET

When: Today, Friday, July 27th

Where: CNBC’s “Power Lunch

Following is breaking news from CNBC’s Steve Liesman today, Friday, July 27th on “Power Lunch” (M-F, 1-2PM ET). Following is the link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000105848.

All references must be sourced to CNBC.

LIESMAN: ALL RIGHT BOB, DO WITH THIS WHAT YOU WANT, I JUST GOT OFF THE PHONE WITH THE SPOKESPERSON FOR THE EUROPEAN CENTRAL BANK WHO WOULD NOT CONFIRM OR DENY THE MEETING. HOWEVER, THE SPOKESPERSON WENT ON TO SAY IT IS NORMAL AHEAD OF A GOVERNING COUNCIL MEETING, AS THERE IS NEXT WEEK, FOR MARIO DRAGHI TO SPEAK WITH MEMBERS OF THE GOVERNING COUNCIL. SO THE SPOKESPERSON WAS NOT DENYING THIS MEETING TOOK PLACE BUT SAYING IT’S NOT THAT BIG OF A DEAL. THE SPOKESPERSON’S HOPE WAS THAT WE WOULD SORT OF TAMP DOWN THE RUMOR. I’M NOT SAYING WHAT TO DO WITH IT. IT SOUNDS TO ME LIKE THIS MEETING TOOK PLACE BUT I’M NOT SURE IT’S ANYTHING MORE THAN WE PROBABLY LEARNED YESTERDAY WHICH IS THAT DRAGHI IS MOVING TOWARDS SOME FORM OF QUANTITATIVE EASING OR SOME FORM OF ASSISTANCE BUT THAT HE NEEDS TO HAVE ON BOARD AMONG OTHER MEMBERS, OR ESPECIALLY AMONG THOSE MEMBERS, THE BUNDESBANK, JENS WEIDMANN, THE PRESIDENT OF THE BUNDESBANK.

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