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Mario Draghi

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Is Mario Draghi Catalonia’s Best Friend?

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Is Mario Draghi Catalonia’s Best Friend? An article in Bloomberg today argues that Mario Draghi’s backstop of EU member state debt is actually fomenting the Catalan Independence movement[1]. As President of the powerful European Central Bank, Mr. Draghi has promised to “do whatever it takes” to save the Euro, emphasizing: “and believe me, it will […]

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España…Adiós!

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The ECB Governing Council met today, and markets were expectant to see what would result. Last week, Mario Draghi promised to take “any measure” to save the euro, and promised that “it would be enough”. So investors were naturally expectant of some combination of: A promise to buy Spanish and Italian bonds directly on the primary […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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