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.
Winter is the perfect time to curl up in a warm blanket and enjoy drinks that bring coziness and holiday cheer. Here are seven winter drinks that are perfect for cold days
Despite the widespread belief that ultra-wealthy individuals are leaving big cities in search of privacy, most still prefer to live in bustling metropolises, according to the latest billionaire census conducted by Altrata. Let's explore which cities today have the largest concentration of people with a fortune exceeding $1 billion
The European Union currently includes 27 member states, but the interest in joining continues to grow, with an increasing number of countries aspiring to become part of the bloc. This article highlights the countries advancing toward European integration and examines where they stand on this path
