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FEB 02, 2013 - Business Insider

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French Economist Explains Why Mario Draghi Can't Prevent The Bubble In Europe From Bursting

In July 2012, amid a backdrop of serious uncertainty over the future of the euro, ECB President Mario Draghi told the world that the central bank would "do whatever it takes" to save the currency. Prior to that point, the biggest open question was whether the ECB – which was seen as the only institution with the means to quell investor fears, yet was also perhaps legally or politically constrained from doing so – would step forward and put its weight behind a solution to the turmoil in European sovereign debt markets. Draghi's speech in July did just that. Since then, volatility ... Read More

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