This is an excellent article from leading macro-economic commentator Gavyn Davies, in the FT. Check it out!
via Draghi’s incursion into fiscal policy | Gavyn Davies.
Unless, I am mistaken, I am increasingly seeing Draghi at the ECB pushing Germany reluctantly into new territory. With radical monetary policy AND fiscal policy, the ECB can still save the Euro and rescue Southern Europe, including desprate cases like Greece, Cyprus and Portugal.