Three (very obviously coordinated) speeches last week indicated that reports of the eurozone's death have been greatly exaggerated. What we may call speech number one came last Thursday, when European Central Bank (ECB) president Mario Draghi addressed the European Parliament, calling for "a new fiscal compact". He defined this as a "fundamental restatement" of the fiscal rules and commitments which eurozone governments had made. Answering his own question as to how this "credible longer-term vision"...
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