Oiling the EU's economic engine

The ECB moves as the Saudis take a hit, but Greece may hold the key to all our futures

25th January, 2015
Oiling the EU's economic engine
Mario Draghi is hoping quantitative easing will curethe eurozone of its deflationary troubles Picture: Bloomberg Finance

Two major and interrelated events occurred on Thursday. The first was an Italian coup d’état at the heart of the German monetary establishment in Frankfurt.

The second was a changing of the guard in Riyadh, with the death of King Abdullah in Saudi Arabia. It remains to be seen which event will have greatest impact on your life.

Let’s look at the Italian ambush in Germany first. Thursday was the day when...

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