video Finance Videos
European markets lifted
Friday, September 07, 2012 - 01:31
The European Central Bank's bond-buying plan and expectations of more monetary stimulus measures boosted the region's equity markets, but renowned New York University economics professor Nouriel Roubini says the ECB's plan is ''not a game changer''.
▲ Hide Transcript
▶ View Transcript
Cheered by markets. Jeered by conservative newspapers in Germany, putting substance behind the promise of doing whatever it takes to save the euro was never going to be universally popular. On a visit Austria Chancellor Angela Merkel defends the European Central Bank following an uproar in Germany over the ECB's new bond-buying programme. SOUNDBITE: GERMAN CHANCELLOR ANGELA MERKEL, SAYING (German) : "The ECB is independent and therefore making its own decisions and I see yesterday's decision as positive because it is another step in the direction of making state bonds safe again, also in the eyes of international investors." But just how significant was the ECB's action? Economist Nouriel Roubini says it's not a game changer. SOUNDBITE: Nouriel Roubini, Professor of Economics at New York University saying (English): "First of all, they've not yet fired the bazooka. They've said they have a big bazooka and they've sort of shown they have one. And using it is going to imply countries applying for the MOU and triggering the support. And in those negotiations, by the way, the ECB has said, we want strict conditionalities, not going to be light. So there maybe this agreement between Spain and IMF, ECB and EU on what's necessary. I think it buys you time to do other things." But with European shares extending gains, the euro making progress against the dollar and borrowing costs falling for Spain and Italy, time to is proving to have its own very real value. Matt Cowan, Reuters
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
European markets lifted
Friday, September 07, 2012 - 01:31
Top News »
5:06pm BST - (0:59)
4:37pm BST - (0:43)
4:20pm BST - (1:06)
5:07pm BST - (1:10)
Sat, 26 May, 2018 - (1:53)
Sat, 26 May, 2018 - (1:16)
Sat, 26 May, 2018 - (1:27)
Sat, 26 May, 2018 - (2:24)
Sat, 26 May, 2018 - (1:20)
Fri, 25 May, 2018 - (0:54)
Fri, 25 May, 2018 - (0:51)
Fri, 25 May, 2018 - (0:40)
Editors' Picks »
Sat, 26 May, 2018 - (2:01)
Sat, 26 May, 2018 - (1:44)
Sat, 26 May, 2018 - (1:08)
Sat, 26 May, 2018 - (1:26)
Fri, 25 May, 2018 - (1:45)
Wed, 23 May, 2018 - (1:39)
Wed, 23 May, 2018 - (1:49)
Tue, 22 May, 2018 - (1:25)
Mon, 21 May, 2018 - (2:03)
Thu, 17 May, 2018 - (2:06)
Most Popular »
Tue, 20 May, 2014 - (2:08)
Thu, 30 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (1:28)
Business »
Fri, 25 May, 2018 - (1:46)
Fri, 25 May, 2018 - (1:09)
Fri, 25 May, 2018 - (5:32)
Fri, 25 May, 2018 - (1:59)
Fri, 25 May, 2018 - (1:35)
Fri, 25 May, 2018 - (1:05)
Fri, 25 May, 2018 - (4:28)
Fri, 25 May, 2018 - (1:44)
Fri, 25 May, 2018 - (0:48)
Fri, 25 May, 2018 - (2:14)
Fri, 25 May, 2018 - (1:49)
Fri, 25 May, 2018 - (1:23)
Featured Videos
Andy Serkis and Benedict Cumberbatch talk 'Mowgli'
Benedict Cumberbatch and actor-director Andy Serkis discuss the long-awaited adaptation of The Jungle Book, 'Mowgli'
Muslims find a modest place in the Turkish sun
Turkey's $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims
Meditation suit could ease your path to enlightenment
The path to inner peace could get a bit easier thanks to a high-tech suit that combines wearable technology with the ancient practice of meditation
No honeymoon just yet for newly wed royal couple
The new Duke and Duchess of Sussex plan to hit the ground running as a royal couple
British gaming firm enlists army of players to create Worlds Adrift
British game maker Bossa Studios releases Worlds Adrift, an ambitious adventure game designed that has taken three years and the up-front involvement of 50,000 gamers to create
Technology »
Fri, 25 May, 2018 - (2:15)
Thu, 24 May, 2018 - (1:32)
Wed, 23 May, 2018 - (1:35)
Wed, 23 May, 2018 - (2:02)
Wed, 23 May, 2018 - (2:09)
Tue, 22 May, 2018 - (2:06)
Tue, 22 May, 2018 - (1:39)
Tue, 22 May, 2018 - (1:03)
Mon, 21 May, 2018 - (2:00)
Mon, 21 May, 2018 - (2:03)
Entertainment »
Sat, 26 May, 2018 - (1:28)
Sat, 26 May, 2018 - (1:21)
Sat, 26 May, 2018 - (1:12)
Fri, 25 May, 2018 - (1:28)
Fri, 25 May, 2018 - (0:55)
Fri, 25 May, 2018 - (1:52)
Thu, 24 May, 2018 - (1:45)
Thu, 24 May, 2018 - (1:15)
Thu, 24 May, 2018 - (2:16)
Sports And Leisure »
Fri, 25 May, 2018 - (1:35)
Fri, 25 May, 2018 - (1:22)
Thu, 24 May, 2018 - (1:34)
Wed, 23 May, 2018 - (1:41)
Wed, 23 May, 2018 - (1:20)
Tue, 22 May, 2018 - (1:24)
Mon, 21 May, 2018 - (1:18)
Mon, 21 May, 2018 - (1:17)
Mon, 21 May, 2018 - (0:59)
Mon, 21 May, 2018 - (1:54)
Oddly Enough »
Mon, 21 May, 2018 - (1:31)
Fri, 18 May, 2018 - (1:29)
Fri, 18 May, 2018 - (1:50)
Fri, 18 May, 2018 - (1:37)
Tue, 15 May, 2018 - (1:47)
Mon, 14 May, 2018 - (1:36)
Mon, 14 May, 2018 - (2:10)
Sun, 13 May, 2018 - (0:54)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)
Thu, 23 Nov, 2017 - (2:13)