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Europe's leaders worship Mario Draghi. They should listen to him instead

Plus: France, Scotland and the graduate circus

30 August 2014

9:00 AM

30 August 2014

9:00 AM

European Central Bank President Mario Draghi secured a place in history by his demonstration, on 26 July 2012, of the power of words in a financial crisis. Not long in office, he had already shown willingness to act firmly, averting a liquidity crunch by providing three-year lending facilities for European banks.

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