In July 2012, the European Central Bank’s then-president Mario Draghi gave a speech that is now credited with saving the euro. “The ECB is ready to do whatever it takes to preserve the euro, and believe me, it will be enough,“ he said at that time.
Greece was in the middle of a debt crisis, and economic instability was spreading to other parts of the euro zone. The ECB, the central bank for the countries that have adopted the euro, had to act.
Ten years later, the euro and the euro zone are still intact. But one of the core issues at the heart of the crisis still remains. In fact, it rears its head every time the region comes under economic pressure.
The crux of the problem in the euro zone is this, according to Angel Ubide from hedge-fund firm Citadel: “Two identical firms or households have differing financial conditions or funding conditions, just as a result of the country they are located in. So, in that sense, your passport becomes a major determinant of your fund
1 view
3507
1051
3 days ago 00:03:47 1
SCOOTER - HOW MUCH IS THE FISH (Metal cover)
3 days ago 00:04:03 1
The Thrilling Art of Mirror Cleaning with a Sassy Housewife Twist
3 days ago 00:07:27 1
Patchwork tutorial: beautiful quilt lessons beginners should try it sewing with simple strips
3 days ago 00:15:30 1
Piano Recipe Well Sleep [New Age Music] |Slow Smooth Music|
3 days ago 00:04:49 1
Phonique: Feel What You Want (feat. Rebecca) official music video feat. Julia Lapina
3 days ago 00:06:43 2
MANOWAR - Warriors Of The World United (Live) - OFFICIAL VIDEO
4 days ago 00:46:41 42
State of Play | February 12, 2025 [English]
4 days ago 00:04:00 2
君の脈で踊りたかった / 獅白ぼたん(cover)
4 days ago 00:18:42 1
Lovell (Risad Remix) Alsa Remix - Deep House Music Best Popular Trend 2024
4 days ago 01:32:50 1
A Stone in the Water | Thrilling Mystery Movie Full HD | Melissa Fumero | Real Drama
4 days ago 01:14:58 1
Full movie in English | A quiet village becomes the epicenter of horror | sci-fi, Apocalypse 💥
4 days ago 00:03:33 1
Trump Held Fundraiser for Attorney General After She Dropped Trump University Investigation
5 days ago 00:01:13 1
TABLE TENNIS FTW!
5 days ago 01:20:18 48
1 Hour of Chad Orthodox Chants to Redeem Your Soul [РУССКАЯ ВЕРСИЯ]
5 days ago 00:00:30 3
Unboxing and Review of the ST5532 3Bay 2.5“ SATA HDD Mobile Rack
5 days ago 00:29:13 1
The Beatles - Live in Australia 1964 [Full Concert HD Remaster]
5 days ago 00:29:11 1
Interview with Valentin Kozlov, Valmix Company | Potato Tour Across Russia (Part 2) 🥔🚜
5 days ago 00:36:52 1
Как дейтинги развязали войну полов I ОТДЕЛ МОДЫ
6 days ago 00:02:44 1
BABYMONSTER - ’BILLIONAIRE’ EXCLUSIVE PERFORMANCE VIDEO
6 days ago 00:01:01 1
Project Blue Beam | What Is Project Blue | The Blue Beam Project | Project Blue Beam Drones | UFO
6 days ago 00:22:01 1
The Gobekli Tepe “Situation” is WORSE Than I Thought