When Angela Merkel backed Mario Draghi to become president of the European Central Bank in May last year, many in Europe assumed it was with resignation, a setback for her and Germany. Axel Weber, the hardline head of the Bundesbank had resigned in a huff months before, leaving the German chancellor little choice but to throw her weight behind the slick Italian who was Weber's only real rival for the prestigious central bank job. More than a year later, however, as the euro zone descends ever deeper into crisis and fears of a humiliating break-up grow, it is becoming increasingly clear that Merkel got the man she ... (full story)