Whatever it takes
European Central Bank president Mario Draghi has been a tonic to financial markets, but 2013 was all about the so-called real economy' in Europe. While Draghi managed to keep the EU's sovereign debt crisis under control for the year, despite a major flare-up in Cyprus, lending to businesses and households continues to contract across the currency area. Growth and employment were so anaemic that the ECB cut rates again in November to...
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