A Mario Draghi speech appeared to over promise and under deliver on commitments to salvage the Euro finance crisis. That’s not the route to a gold medal winning performance for any central banker…let alone the head of the European Central Bank.
A stormy Cameron speech on the world economy by the Prime Minister alluded to more stormy economic times ahead. So, we have it all to look forward to.
Mervyn King, the Governor of the Bank of England, has spoken to the Treasury Select Committee looking into reform of the banking sector. And, remarkably this Mervyn King speech points to a new regime of lower-paid bankers in smaller national companies containing risk within national borders.