Scherp stuk van The Economist: “Probably the most successful monetary-policy measure undertaken in recent times.” That is Draghi’s self-effacing judgment on the outright monetary transactions (OMT) programme, the promise made by the ECB last summer to buy the bonds of struggling euro-area governments. The ECB’s president deserves…
"Hollande is in denial over the state of the French economy," Michael Hewson, senior market analyst at CMC Markets, told CNBC on Monday. "He points to the slight improvement in economic data last month as evidence that the French economy is improving when deep structural problems remain. To my mind this points to a president who is hoping…