ECB is ready to continue supporting euro countries…

Thursday, 2 August 2012 05:28

The European Central Bank is in principle ready to take further action to support affected countries of the euro area – said on Thursday in Frankfurt ECB chief Mario Draghi.

Stock exchanges have reacted negatively to the speech of the President of the European Central Bank. The main index of the Paris stock exchange CAC 40 fell 2.09% early afternoon, shortly after the Draghi’s speech.
A similar decline occurred in the stock market in Frankfurt. The interest rate on 10-year Italian bonds again exceeded 6%, interest rate on Spanish bonds also increased.