Draghi starts a rush for the exits

The ECB once said it would 'do whatever it takes' to buoy the eurozone. So why is its president spreading gloom?

The market's rollercoaster ride is at full throttle, but what exactly is to blame for the sudden rush for the exit? There are indeed a number of options to choose from, but Mario Draghi must certainly count himself among the guilty after his performance overnight.

In a speech to the Brookings Institution on the eurozone’s progress, the usually upbeat President warned that “without reform in the region, there can be no recovery”.

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