Lucas 2012 Infos

ECB President Mario Draghi commented in a speech today that the ECB was “ready to do whatever it takes” within its mandate to preserve the single currency.

I have to ask, is that even news? Apparently it it to the stock market which has gapped up over a percent. Bond yields in Spain also reacted to the non-news.

Yield on the 10-year Spanish bond fell all the way (drum

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