Bini Smaghi Archive

ECB’s Smaghi quoted

*ECB’S BINI SMAGHI SAYS THERE’S NO `ALTERNATIVE’ TO REFORMS Yes there is *BINI SMAGHI: CENTRAL BANKS CAN’T SHORE UP CAPITAL IN BNK SYSTEM Yes they can *BINI SMAGHI SAYS CENTRAL BANKS CAN’T PROVIDE SOLVENCY SUPPORT Yes they can *BINI SMAGHI SAYS MON POLICY CAN’T TAKE UP FISCAL `SLACK’ Correct!!! *BINI SMAGHI: PRICE ...Read More

Central banks trying to limit backup

[Skip to the end] Karim writes: ECB-Board Member Bini Smaghi was 4th board member since last week’s press conference to say that one 25bp hike was enough to return inflation back to the 2% target in 2yrs time (Trichet, Stark, Orphanides before him). Whether true or not, market reaction since last Thursday ...Read More