ECB Struggles to Stay Neutral in Greek Drama

From wsj.com

When it comes to the Greek debt drama, Mario Draghi can probably sympathize with Michael Corleone, who said famously in Godfather III: “Just when I thought I was out, they pull me back in!” In testimony to the European parliament Monday, the European Central Bank president tried again to distance himself from the high stakes negotiations between Greece and its international creditors. The ECB just applies its rules, he said, and the tough negotiations are between Greece and other European governments. “It should be absolutely clear that the decision on whether to conclude the review of the current program and ... (full story)