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“You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air” – Dutch Politician To Draghi

  • “You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air” – Dutch Politician To Draghi
    by Tyler Durden, http://www.zerohedge.com
    Used to a fawning press corps and clueless politicians, perhaps Mario Draghi was expecting a warm greeting, a series of softball questions from Dutch lawmakers, and some late night entertainment on Wednesday when the ECB president made a rare visit to the Hague. Instead, what followed, was an “unenviable grilling” from Dutch MPs for nearly two hours in the country’s parliament today which, as the FT said, left the usually implacable Italian confrontational and riled up as tempers flared and Dutch politicians probed Draghi on the ECB’s record of transparency, and attacked policies they said subsidized southern European countries and harmed Dutch pensioners.

    The reason Draghi occasionally travels to national capital cities is to defend the bank’s actions: most recently to Berlin, in late September. That trip helped to soothe German lawmakers as the ECB prepared to extend its stimulus again. Draghi was hoping to do the same with Dutch lawmakers who have been far less critical of the ECB’s actions compared to their German peers, in the past.

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May 13, 2017 - Posted by | Economics | , , , , , ,

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