While not the much anticipated ECB announcement from this Wednesday which may resolve the Greek impasse with one brief press release, here is a live transcript of Mario Draghi speaking at the European Parliament's committee on economic and monetary affairs, in which he will present the ECB's perspective on economic and monetary developments before entering in a discussion with Members which will also cover two specific issues: Quantitative Easing (QE), what are the side effects; as well as sovereign bond purchases and risk sharing arrangements: implications for euro-area monetary policy. We expect the topic of the future of Greece to also make a prominent appearance.
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