Whatever it takes: Five years since Super Mario saved the euro
(World News UK)

Three words changed the course of the Eurozone economy when Mario Draghi, president of the European Central Bank (ECB) spoke to investors in London five years ago today. In the landmark 2012 speech Draghi said he would do “whatever it takes” to preserve the euro area. After a pause for dramatic effect, he added, with uncharacteristic clarity: “Believe me, it will be enough.” It was enough: so much so that the International Monetary Fund (IMF) warned yesterday the ECB should tread carefully even now in reducing the pace of bond purchases, so crucial have they become to the Eurozone economy. In the aftermath of the speech, delivered at London’s Lancaster House...