European Central Bank (ECB) President Mario Draghi will testify before the European Parliament’s Economic and Monetary Affair Committee in Brussels on June 15. The two main items on the agenda are: quantitative easing (QE) and sovereign bond purchases and risk sharing. Following his previous meeting with the Committee, the ECB launched its QE program. Although it’s too early to tell if the easing policy has produced the desired results, some preliminary results will be shared to add to what the market already knows from the central bank’s statements. The second item on the agenda, and the more pressing, is Greece. If and how it figures as a continuing member of the eurozone has yet to be determined, including how much risk should be shared across the eurozone, as well as the consequences of another bailing the cash-strapped country out again.
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