Markets fall as Draghi fails to back up promise of 'whatever it takes'

August 2012
Fund Strategy;8/6/2012, p1
Trade Publication
The article reports on the disappointments of the financial services industry after European Central Bank (ECB) president Mario Draghi failed his promise to save the euros. It states that investors were hoping that the ECB will intervene in the bond market to address the reversibility of the euros. Schroders European economist Azad Zangana reveals that if the ECB will not initiate an effort, the market will no longer trust Draghi and the governing council's ability to manage the crisis.


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