September 11, 2012

Super Mario to the Rescue in Europe

Roger Cohen, New York Times

AP Photo

Germany’s Mannschaft has always been a formidable soccer team. Its chief quality has been a tenacity and tempo capable of overcoming all odds. This is not to say that Germany has failed to produce great footballers — Gerd Müller, Karl-Heinz Rummenigge and Franz Beckenbauer come to mind. It is merely to say collective power has trumped individual prowess.

Read Full Article ››

TAGGED: Eurozone, Italy, Germany, European Central Bank, Mario Draghi

RECOMMENDED ARTICLES

September 7, 2012
Mario Draghi: Stand and Deliver
The Guardian
The imaginative and astute ECB leader has lived up to his side of the bargain, but his plan is wrong-headed and insufficient. more ››
August 31, 2012
European Central Bank Cannot Save the Euro
The Economist
SOMEBODY must have put on the wrong film. In late July Mario Draghi, president of the European Central Bank, came out looking like a tough sheriff ready to take on bond-market speculators while others cringed. The euro was... more ››
September 11, 2012
Democracy Loses in Struggle to Save Euro
Gideon Rachman, Financial Times
THE European Central Bank (ECB) has fired its magic bullet. By promising "unlimited" purchases of sovereign bonds, ECB president Mario Draghi may have kept his pledge to do "whatever it takes" to save the euro. But in rescuing... more ››
September 5, 2012
Who-Built-It Debate Pits U.S. Against Europe
Edward Glaeser, Bloomberg
These phrases don't imply anything about concrete policy, yet the debate reflects a deep ideological divide that goes back 150 years. And the battle over the relative roles of social collaboration and individual initiative is not... more ››
September 7, 2012
Mario Draghi: The Man Who Saved Europe?
Zachary Karabell, Daily Beast
The decision by the European Central Bank chief to provide almost unlimited funds to troubled governments could lead to the end of the Eurozone crisis, put a stop to financial dominoes falling, and lead to global economic... more ››