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
3506
1051
2 weeks ago 00:55:23 1
What Did Charles Hall Discover About TALL WHITES Alien Residents?
2 weeks ago 00:02:22 11
Yoshimasa Terui - The Girl on a Space Colony (I_006A) (Gundam GQuuuuuuX (ジークアクス) -Beginning- OST)
2 weeks ago 00:33:06 1
Leave It In God’s Hands, Trust God To Work It Out (Christian Motivation and Blessings)
2 weeks ago 00:03:40 1
Marc Philippe - Broken Mess (Lyric Video)
2 weeks ago 00:10:48 1
SuperEnduro Romania 2025 | Billy Bolt dominated the Night | Highlights
2 weeks ago 01:06:01 1
THE SCARIEST VIDEOS That Psychiatrists Doesn’t Want To Watch
2 weeks ago 00:07:41 1
A brief history of US support for Israel
2 weeks ago 01:41:51 1
The Son of Monte Cristo (1940) Swords Flash in the Night! Romance Rides With Danger!
2 weeks ago 00:36:09 1
Why Fun Projects Are the Key to Saving This Building
2 weeks ago 01:05:38 1
SKINWALKING OWLS, WATER SPIRITS, BLUE LADIES AND SILVER UFOS (SN 18 EP 33) TRUE PARANORMAL STORIES
2 weeks ago 00:29:19 3
Загадка Зеркальной Вселенной: Хиральность на Земле и в Космосе
2 weeks ago 00:31:53 4
Tokyo Xtreme Racer - Customizing and Fully Upgrading 350Z
2 weeks ago 00:06:46 1
Do You Want to Leave Me, too? | WMSCOG, Church of God
2 weeks ago 00:03:49 1
Battling a Dead Battery? TOPDON BT100 is Your Ultimate Weapon! - YouTube
2 weeks ago 00:04:36 1
Бессмертный хит. Сидни Ром “Hearts“ (1982г)
2 weeks ago 00:13:16 5
Satsuki Odo vs Honoka Hashimoto | WS Final | WTT Feeder Panagyurishte 2024
2 weeks ago 00:02:35 1
8 Ball Pool Hack iOS & Android - UPDATED 8 Ball Pool MOD APK with Aim Tool App 2025