Rules are rules for Draghi, apparently. Let’s see if he feels the same when the poop is hitting the fan after he takes the helm at the ECB…

Irish banks are borrowing umpteen billion euros from the ECB on a regular basis and would like a medium-term facility to ensure that liquidity will be available for the foreseeable future. The ECB has been hesitant to commit but continues to fund them via the existing facilities…

Drgahi has completed his confirmation hearing before the European parliament…