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Mario Draghi

World news about “Mario Draghi” published by euronews.

BUSINESS WEEKLY | 06/06 19:59 CET

Draghi turns to weapons of last resort

Draghi turns to weapons of last resort

It was a small step for lenders, a giant step for lending. The European Central Bank has - for the first time ever - imposed negative rates on overnight deposits, essentially charging banks for parking money in its vaults. The idea is that this, coupled with a new wave of…