All eyes on Draghi as pressure grows for ECB intervention

Whatever Mario Draghi does today, economists say doing nothing is not an option.

2nd August, 2012
European Central Bank president Mario Draghi.

Whatever Mario Draghi does today, economists say doing nothing is not an option.

Investors are looking for the European Central Bank president to make good on his promise to do whatever is needed to protect the euro, interpreted by most as a signal that the ECB will intervene in bond markets. Should Draghi fail to overcome the objections of Germany’s Bundesbank to such action, the disappointment could spark a selloff. He holds a press conference...

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