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Macroeconomics  |  August 29, 2012 13:09:00

Mario Draghi is too busy to attend the annual symposium in Jackson Hole


European Central Bank President canceled the trip at the annual symposium in Jackson Hole this week, due to the high workload in the next few days. According to the spokesman for the ECB to attend professional conferences no member of the Executive Board. Next week there will be discussions about Union Bank in the Committee on Economic and Monetary Affairs of the European Parliament in Brussels on Thursday and sit on the ECB Governing Council in Frankfurt.It is assumed that Draghi announcing details of a new bond purchase program, which was zkritizovaný German central bank.

Draghi will be the first president of the ECB, will not attend the annual conference of central bankers and economists from around the world. In 2007, canceled his participation his predecessor Jean-Claude Trichet, due to the behavior of monetary policy. The European Central Bank 2nd announced in August that it can continue to buy bonds if governments troubled countries requesting support from the European rescue fund.Bond purchases by the ECB will focus on the shorter end of the yield curve on the secondary market. Draghi said at the time that the details should be known in the coming weeks. On Monday, said Executive Board member Joerg Asmussen, the ECB is working on the design of a new program, and next week will be discussed. He also said that he is considering either fund EFSF or the ESM permanent rescue fund to buy bonds on the primary market, before it starts to buy government bonds by the ECB.



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Mario Draghi je příliš zaneprázdněn, nezúčastní se výročního sympozia v Jackson Hole

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