Mario Draghi’s search for the European soul

New Statesman

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High Factuality

Mario Draghi’s search for the European soul

When the facts change, Mario Draghi changes his mind. He most certainly seems to have changed his mind on many of the policies favoured by the European Central Bank during the eurozone crisis, after having led the institution from 2011 to 2019. In those years the instructions arriving from Frankfurt were that member states had to implement structural reforms and get their debt under control if they wanted to coexist with Germany in the eurozone.…