Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The actual words were:
But there is another message I want to tell you.

Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.

There are some short-term challenges, to say the least. The short-term challenges in our view relate mostly to the financial fragmentation that has taken place in the euro area. Investors retreated within their national boundaries. The interbank market is not functioning. It is only functioning very little within each country by the way, but it is certainly not functioning across countries.

(Speech by Mario Draghi at the Global Investment Conference in London, 26 July 2012)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Tue Jan 22nd, 2013 at 12:41:09 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series