Mario Draghi

Draghi's QE plan seen challenged by hoarders amassing bonds

By David Goodman

As if Mario Draghi doesn't have enough problems already.

Europe is trying to avert a crippling bout of deflation. Germany wants austerity and less stimulus. And Greece is demanding to renegotiate the terms of its bailout, a move that has revived the risk of the euro area splintering.

ECB to hold emergency cash review for Greek banks this week

The European Central Bank will hold an extraordinary review of the emergency liquidity assistance (ELA) extended to Greek lenders this week, two officials familiar with the matter said, as the Frankfurt-based institution is raising the pressure on Athens to meet its bailout commitments.

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