Juckes: ECB's Draghi a Magician Running Out of Tricks

The transcript discusses the European Central Bank (ECB) meeting in 2015, where market expectations were high, but Mario Draghi's actions were seen as underwhelming. It explores potential ECB actions, such as extending the bond-buying program, influenced by political events like the Italian referendum. The political climate in Europe, including bank recapitalization and upcoming French elections, is considered crucial in shaping ECB decisions. The transcript also covers market reactions to political events and predictions for future elections in France, Germany, and the Netherlands.

What were the expectations leading up to the ECB meeting on December 3rd, 2015?

How did Mario Draghi plan to address market expectations during the meeting?

What political factors were influencing Draghi's decisions regarding the ECB's policies?

How did the market react to the results of the Italian referendum?

What challenges did the ECB face in relation to the upcoming French elections?