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ECB's Draghi faces leadership test over euro pledge
European Central Bank President Mario Draghi was under intense pressure from investors, European leaders and even the United States to deliver on Thursday on his pledge to do whatever it takes to save the euro. Draghi faced the biggest test of his nine months' leadership of the central bank at its monthly policy meeting, which began at 0700 GMT. Any sign that he overplayed his hand when he made the bold pledge a week ago could see markets punish the euro zone. "Draghi has unfortunately painted himself into a corner," JP Morgan analyst Pavan Wadhwa said in a conference call. "The ECB does need to demonstrate its ... (full story)
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