Germany is the biggest country in the eurozone. Berlin's Euro policy has far-reaching implications.
Frankfurt investors pounced on ECB President Mario Draghi's hints that the eurozone can expect a new round of bond purchases to boost the economy. On Wall Street General Motors climbed over 1 percent on news it will post record Chinese sales this year. After a review, New York correspondent Lars Halter tells us why the Inspector general of the TARP Program has pounced on GM.
Frankfurt and New York equities tumbled on Tuesday, on news of US airstrikes on Syria and a slowdown in eurozone business activity. In New York Obama administration moves to prevent companies moving their tax headquarters abroad to low tax countries also hit some stocks. We recap and ask New York reporter Lars Halter for details of the Obama corporate tax moves.
ECB President Mario Draghi has made it clear that he will do everything possible to bolster the eurozone economy. The central bank slashed interest rates to a record low of 0.05 %. The ECB also announced a program to pump money into the economy and stimulate lending by buying bundles of bank loans.