Draghi has done his bit – now it’s over to Germany to save the euro

Irish Times | Sep 13, 2019 at 5:09 PM
  • Mario Draghi can be assured that he’ll end his term as European Central Bank (ECB) president in November with political platitudes from across the continent ringing in his hear for having saved the euro.
  • There had been some loud calls in recent weeks from more hawkish members of the ECB’s governing council to hold back on taking extreme action now.
  • Low bond market yields – driven by ECB’s QE programme in recent years – normally prompt banks to lend more, so that they can rely on business volumes driving income growth as margins are under pressure.