ALJAZEERA; The head of the European Central Bank has said that the embattled euro had been relaunched but that more had to be done to boost the eurozone’s recession-wracked economy.
Speaking to the world’s top business and political leaders at the World Economic Forum in Davos, Mario Draghi also said on Friday that austerity measures being taken in crisis-hit countries were “unavoidable” despite the impact on growth…
But even as Draghi spoke of “positive contagion” in the markets, leading US economist Barry Eichengreen warned that the debt crisis that has shaken Europe to its core could easily erupt again this year unless European leaders move faster to solve their problems.… (more)
