The program was suggested by Mario Draghi in 2012. It does not contradict the EU current legislation. This program also does not give advantages to the governments of the states which are members of the Union.
To date, ECB has never used M.Draghi's approved program. But the fact that it exists calms the markets.
Analytics explain: the program of buying state bonds is a unique way which will help to react promtly to sharp changes in eurozone, in case of Greece's possible exit from the EU.
So far, the European Court of Justice in Luxembourg decided to give ECB the right to buy up government bonds to save euro. This is especially relevant to crisis countries which are near default.
For nearly a century, the US-based weekly periodical Time has closed out the year by selecting the person who has had the most significant impact on the global stage—not necessarily a positive one. This year, the magazine's cover features Donald Trump, who recently won the US presidential election. Let's find out who else was honored by Time and in which nimonations.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
