Ukrainian President Readies for War

Speculation has been rife as to if and when the Bank will start a U.S -style sovereign bond-buying program to stimulate the euro zone economy and quell deflationary pressures. The ECB has already launched a slew of measures to ease credit conditions in the region, including cutting interest rates to record lows and announcing plans to purchase covered bonds and asset-backed securities (ABS).

Read MoreECB’s Draghi: Buying sovereign bonds is an option
Stark said he doubted whether the covered bond and ABS purchases would boost the ECB’s balance sheet by the aimed for 1 trillion euros ($1.2 trillion)—and would therefore push the governing council to approve sovereign bond buying.

“We don’t want war, we want peace. We are fighting for EU values. Russia doesn’t respect any agreement.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza