Draghi Says Loose ECB Policy Warranted, OMT Needed
June 25 (Bloomberg) -- European Central Bank President Mario Draghi said at a conference in Berlin that the euro-area economy’s condition still requires a loose monetary policy and the Outright Monetary Transactions bond-purchase program is needed more than ever. (This is an excerpt. Source: Bloomberg)
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50:47 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)