Newsmaker: Draghi does just enough for the euro - but no more than that
For European Central Bank (ECB) president Mario Draghi, doing whatever it takes to save the euro has meant doing very little.
For European Central Bank (ECB) president Mario Draghi, doing whatever it takes to save the euro has meant doing very little since the announcement of outright monetary transactions (OMT) in September.
Without having to even use OMT, markets were calmed. Bond yields in vulnerable economies - most importantly, Spain and Italy - reduced, volatility declined and equities rallied into the new year.
But the eurozone economy was far from fixed. Five consecutive quarters of declining...
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