Joe Weisenthal, Business InsiderAugust 6, 2012 17:00
Italian PM Mario Monti is the only leader of a huge, developed "democracy" who didn't get into their position by winning an election. Now he's apparently infuriated the rest of Europe by criticizing a key tenet of a democratic system.
Simone Foxman, Business InsiderJuly 30, 2012 12:40
Headlines generated by some promising statements from European Central Bank President Mario Draghi late last week have stirred investor belief that European leaders — and in particular the ECB — are about to announce some game-changing crisis-averting measures. But investors shouldn't get ahead of themselves just yet.
BOSTON — It's an axiom of modern capitalism, almost as certain as death and taxes: No matter how bad an economic crisis gets, someone is bound to get rich from it. Very rich. Here’s how they’ll do it this time.
ECB president Mario Draghi also promised to offer banks unlimited credit for three years; to cut reserve requirements for commercial banks; and to accept a broader range of assets as collateral for ECB loans.