The European Central Bank may have gone from “whatever it takes” to “whatever it wants”.
On Thursday, eurozone officials tried to signal their strong commitment to fighting inflation and increased interest rates For the first time since 2011. The irony is that Mario Draghi Resigned on the same day as Prime Minister of Italy. This is the man who then took over the ECB and famously pledged to “do whatever it takes” to save the euro – and in the process, taught central bankers everywhere the importance of verbal commitments. .