“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 [...]
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