EURODEFAULT
SHORT FINE DI MONDO
“What is absolutely priced in for today is a rate cut and some kind of conventional quantitative easing,” said Alan Higgins, who helps oversee about 28.5 billion pounds ($47.7 billion) as U.K. chief investment officer at Coutts & Co. in London. “For the talk part, Draghi and his speech writers will be thinking how they can do another version of ‘whatever it takes.’ The surprise here could be how explicit he is on whether the ECB could potentially buy lots of government bonds, or even non-euro denominated bonds to really push the euro down.”