Draghi is pulling a classic Central Banker stunt: verbal intervention. If Draghi could in fact solve this mess, he would have already done so. The EU Crisis started in 2010 after all. And here we are, over two years later, and even Greece, which only comprises 2% of EU GDP, has yet to see its problems solved.
If the ECB cannot solve Greece’s problems, how on earth could it solve those of Spain or the entire EU for that matter?
The answer is obvious: it can’t.
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