Today, the ECB elected to leave the euro area's benchmark refinancing rate unchanged at 0.75 percent and the deposit rate unchanged at 0.5 percent. The biggest questions ECB President Mario Draghi had to face at the press conference following the release came on three fronts: the surging euro exchange rate, Ireland's plans to liquidate nationalized bank Anglo Irish, and the Monte dei Paschi scandal engulfing Italian politics in the run-up to their national election in a few weeks. After perhaps unwittingly sparking a big run in the euro at his last press conference, Draghi took the ... Read More