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.
This month, the price of Bitcoin has soared to a record $89,000. Despite its constant volatility, BTC remains the most promising cryptocurrency since its debut in 2009. Many early investors who believed in Bitcoin's potential are now reaping the rewards of their foresight. Let's take a look at today's wealthiest crypto enthusiasts
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
