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Reuters Asks: What does Draghi have up his sleeve?

Thursday, August 02, 2012 - 01:49

Aug. 2 - Does Mario Draghi have a crisis-fighting bazooka in the ECB's arsenal, and will he fire it later today? His own words last week raised expectations that he does, and he will.

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I think he could trying to outline. A road map with respect to further bomb putts is. But -- given given given the concerns expressed much the Bundesbank. And if he gets going in from then I really can see. But we can see much in the light of any further action on those fascinating thing we can see right count plan -- Americans think we're gonna see any bombed by us. I think they we will see. Announcements of SNP program -- Target levels the amount thing and to bonnet and if the times found and I think we could see a rate -- as well with a deposit right goings on in intensive. Does announce anything is is stepping as the markets and I'm posting Italian and Spanish day it's which is why that we -- we start to see continue yields come back down from. From the highs of of recent days but it's. If if way expecting anything further from -- drug and then nothing will be sorely disappointed and -- the market is expecting -- Then we could find -- remarkable but quite sharply. What probably guarantee here is something about more asset pitches and I think that would probably come alongside. -- requests from spying for. Access to the EFSF. I -- when that happens easily see they indulge in mole asset purchases. So these to be themselves have made it clear that they will lead to being in a second tree or primary. Boom box in the portrait only as long as a sovereign petitions they -- to settle old BES and full support. And has yet it's Spain is still resisting. Making such requests it seems hard. At least -- to do anything apart from announce his willingness to intervene -- when the conditions are right tomorrow which would of course be very disappointing for the market.

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Reuters Asks: What does Draghi have up his sleeve?

Thursday, August 02, 2012 - 01:49