Europe steps into the unknown

“Mario Draghi has gained a reputation for winning the trust of financial markets with words as much as deeds,” says the Financial Times. Take the European Central Bank (ECB) president’s 2012 promise to do “whatever it takes” to save the eurozone.

This intervention is widely credited with preventing a break-up of the currency union “without having to spend a cent”. Yet, Draghi now faces a new threat – “one that words alone might not be enough to resolve”.

Europe’s policymakers are increasingly worried that the region is on the brink of deflation, after the eurozone consumer price index rose [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking