While you were sleeping: Draghi delivers, stocks drop

Thu, 10 Mar 2016

By Margreet Dietz March 11 (BusinessDesk) - It seems European Central Bank President Mario Draghi can’t win. Punished by sliding equity markets after Draghi was seen to have under-delivered on fresh stimulus measures in December, stocks fell again after the ECB announced a larger-than-expected package of measures including cutting its main lending rates and boosting its bond purchase program by a third to 80 billion euros a month. Draghi has “brought out the bazooka out this time, but after the initial reaction, the perception that ce...

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