Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
ECB under fire over market-sensitive closed-door speech
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_21/05/2015_550232
ECB under fire over market-sensitive closed-door speech
By Marc Jones & John O'Donnell
Thursday May 21, 2015 (11:12)
The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended by hedge fund managers, a day before his speech was publicly released.
Politicians and market participants criticised the ECB over the speech by board member Benoit Coeure, in which he said the central bank would accelerate bond buying under a programme aimed at averting deflation and helping to revive the eurozone economy.
Coeure gave the speech to the conference in London, which was also attended by bankers and academics, on Monday evening.
When it was finally released on the ECB's website on Tuesday morning, the euro fell sharply while stock and bond prices jumped.
