The program was suggested by Mario Draghi in 2012. It does not contradict the EU current legislation. This program also does not give advantages to the governments of the states which are members of the Union.
To date, ECB has never used M.Draghi's approved program. But the fact that it exists calms the markets.
Analytics explain: the program of buying state bonds is a unique way which will help to react promtly to sharp changes in eurozone, in case of Greece's possible exit from the EU.
So far, the European Court of Justice in Luxembourg decided to give ECB the right to buy up government bonds to save euro. This is especially relevant to crisis countries which are near default.
CEOWORLD Magazine, one of the world's premier business publications, has released its latest ranking of the most influential women in international business. Let's take a look at the top five
There are over 250,000 species of flowers in the world. Some of them belong to rare species of flora and are a true treasure for biologists. Let's take a look at these extraordinary representatives of the plant world and fully appreciate their unique beauty.
Although US President Donald Trump insists it is too early to discuss a successor within the Republican Party, behind-the-scenes maneuvering has already begun. Politicians deliver messages, test the waters, and closely monitor public sentiment. The participants in a new race are becoming increasingly visible, despite the lack of official announcements. Let's take a look at who might lead the Republican Party in the 2028 election.
