Listening to Mario Draghi, the European Central Bank’s canny Italian president, at Thursday’s press conference in Cyprus, you could be excused for thinking he’s already fixed the eurozone. Growth forecasts up; deflation scare over; interest rates falling, helping to unblock lending to the real economy. All he needs now, he suggested, is for eurozone governments to carry out their part of the bargain, and press ahead with the “structural reforms” so beloved of the ECB (and Brussels). There are two reasons for the ECB’s optimism: firstly, for the moment, Mario Draghi is basking in what Mervyn King once called the ... (full story)