Threat of chaos has receded, but risks remain

ECB intervention has reduced the risk of meltdown but we are still in an economic crisis in the eurozone, writes Megan Greene.

6th January, 2013
Mario Draghi, president, ECB: last year, his words of reassurance to investors saw markets rally. Photo: Bloomberg

January 2013 in the eurozone feels a lot like January 2012. Then, like now, clients dismissed concerns about the eurozone with a wave of the hand, in part because the ECB had supposedly removed all the tail risks in the region.

First it was the ECB's long-term refinancing operations (LTROs) that caused some analysts to declare the eurozone crisis over. Then last year it was the ECB's new bond-buying programme, Outright Monetary Transactions (OMT). History already shows...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago