The sublime irony of Draghi's dilemma

ECB president Mario Draghi has the power to move European economies, but the policies he advocates also stall the chances of a genuine, sustainable recovery.

It is an utterly ironic situation for Europe. Every bit of bad news for its economies is good news for asset markets. And with every new crisis that hits European governments, one man and the institution he leads gets a little bit more powerful: Mario Draghi, the president of the European Central Bank.


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