Thursday September 24, 2020

Mario Draghi's credibility on the line, say investors

European Central Bank President Mario Draghi’s task today is straight-forward: produce a plan to save the euro.

6th September, 2012
European Central Bank President Mario Draghi speaking to the media after the ECB's decision to leave interest rates untouched last month.

European Central Bank President Mario Draghi’s task today is straight-forward: produce a plan to save the euro.

Draghi pledged more than a month ago to do what’s needed to preserve the single currency; now he’s under pressure to follow through with details of a bond-purchase plan to lower borrowing costs in Spain and Italy and prevent a breakup of Europe’s monetary union. Expectations have built to such an extent that Draghi risks losing...

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