Hopes are very high after Mario Draghi said he will do “everything to save the euro” and added “believe me, it will matter”. His words were later echoed by German and French leaders. This comes as Spanish and Italian bond yields are at unsustainable levels for too long, despite many summits. What can Draghi and the ECB do? Quite a lot. The ECB is the only factor in Europe that has the tools to tackle the crisis in a fast and strong manner. A full quantitative easing program would do wonders. Here’s more about QE and other options that Draghi and his colleagues have. The ECB bought bonds already two years ago (of ... (full story)