Despite the European Central Bank president’s rosy view, the Greek crisis is not yet over and ‘the announcement effect’ of QE could prove shortlivedListening to Mario Draghi, the European Central Bank’s canny Italian president, at Thursday’s press conference in Cyprus, you could be excused for thinking he’s already fixed the eurozone.Growth forecasts up; deflation scare over; interest rates falling, helping to unblock lending to the real economy. Continue reading...
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