Sunday September 20, 2020

Only the ECB can bring stability

In another chaotic week, Europe appeared to pull back slightly from the brink, with the announcement and then cancellation of a Greek referendum which, had it been lost, would have had potentially cat

6th November, 2011

In another chaotic week, Europe appeared to pull back slightly from the brink, with the announcement and then cancellation of a Greek referendum which, had it been lost, would have had potentially catastrophic consequences. Yet the situation is still hugely dangerous and unstable. There is only one organisation which now has any hope of restoring stability and that is the European Central Bank.

Mario Draghi, the new ECB president, at least got off to a...

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