The European indexes have opened slightly higher than the previous close and begun to rise after Mario Draghi’s intervention at this morning conference. The conference started at 8:00 and was organized by the Bundesbank and with the participation of several German banks. Mr. Draghi said the ECB must drive inflation higher, and will expand its program of asset purchases, if necessary to achieve this. On Monday, before the European Parliament, Mario Draghi had already repeated that the ECB will continue to support the economy of the Eurozone and could implement a quantitative easing if the situation worsens. So far these promises have been enough to push up the markets as investors believe that his words will gain expression through concrete measures.
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