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European Central Bank's #AskECB session brings out the Twitter jokers


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European Central Bank's #AskECB session brings out the Twitter jokers

The European Central Bank has been trying to get more user friendly via Twitter.

On Monday Executive Board member Benoit Coeure responded to a raft of questions tweeted out with the hashtag #AskECB.

This is the first time the European Central Bank has taken to social-media, though the Bank of England has done it several times in the past.

Most of the questions were serious and focused on the Bank’s monetary policy. They drew snappy answers in 140 characters or less on subjects like helicopter money, deflation risks, stimulus measures and ultra low interest rates.

But there were wackier tweeted queries – including about the colour of ECB head Mario Draghi’s ties during his news conferences; they are seen by some in the financial world as providing clues as to policy.

That didn’t get a response from Benoit Coeure.

Draghi’s long-winded and technical answers to questions at those news conferences also provoked a tweet.

And the jokers took full advantage of the #AskECB session to ask the unanswerable.

A twitter user in Greece used the opportunity to pretend to be the German finance minister with more of an order than a question about the ECB quantitative easing stimulus measures.

The current political crisis in Italy brought this plea for the Italian ECB President to leave Frankfurt and head for Rome.

The fact that ECB also stands for England Cricket Board led to a question about that game and a redirect from the Bank.