Mario Draghi’s Guns of August
August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and perhaps for the world economy. That depends on whether – and how – the European Central Bank makes good on official pledges to do “whatever it takes” to preserve the euro.
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WASHINGTON, DC – August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and perhaps for the world economy. On July 26, Mario Draghi, President of the European Central Bank, declared that his institution would do “whatever it takes” to preserve the euro, and added: “Believe me, it will be enough.”