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Draghi in Hot Water Following ECB Stimulus Hearing at The Hague

May, 11 2017
watermark Economic news

ECB’s Mario Draghi and Dutch lawmakers from The Hague are now in conflict following discussions on the monetary stimulus of the European Central Bank, with the central bank now being pressured to undergo a policy overhaul from Frankfurt as the EU economy is now slowly gaining its momentum. The two-hour hearing between Draghi and the Dutch Parliament was peppered with flare ups as Dutch officials continuously grilled Draghi with regards to the transparency track record of both the central bank and its president, in addition to allegations of certain ECB policies endangering Dutch pensioners and subsidizing countries in southern Europe.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.