Draghi's cards remain close to his chest

The ECB chairman may announce a rate cut this week, but his other intentions regarding the eurozone crisis remain opaque, writes Jon Ihle.

1st September, 2012
Mario Draghi, president of the European Central Bank, faces big challenges in the battle to save the euro. Photo: Bloomberg

As the world's central bankers gathered last week for their closely-watched annual symposium in the picturesque Wyoming resort of Jackson Hole, Mario Draghi was sticking to his normal routine in Frankfurt.

The European Central Bank president skipped the long weekend retreat to prepare for the more urgent business of Thursday's governing council meeting, where the future of the eurozone could be decided.

Draghi is facing perhaps the biggest test of his leadership since he took...

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