Euro bank boss Mario Draghi scrambles to calm nerves as euro SLIDES against dollar

Euro bank boss Mario Draghi scrambles to calm nerves as euro SLIDES against dollar
 

ECB President Mario Draghi will speak in Frankfurt today in an attempt to calm nerves over non-performing loans throughout the eurozone.
His speech comes after the worst two-week run for the Euro against the Dollar since March 2015.
On Wednesday, the pair hit a near-year-low of 1.0670, but today that the euro to the US dollar was down again at 1.061.
Financial experts have claimed the exchange rate will slip below parity in 2017.
Non-performing loans are one of the biggest hangovers from the eurozone financial crisis, with countries such as Italy, Greece and Cyprus afflicted by stubbornly... read more

 
18 November 2016 in World News, Views: 50
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