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No pressure, but Draghi spends his day tiptoeing through monetary minefields. One false step from this powerful man and the European Union and global economic growth for the foreseeable future could be threatened. ‘Super Mario’ has recently lived up to his nickname. Finally someone heeded the screams of agony from debt-ridden countries crippled by austerity policy and sky-high unemployment rates. Draghi announced a massive bond-buying program of a trillion Euros to resurrect the European economy. It worked in the U.S. He apparently has the clout to radically change policy direction, acknowledging that stringent austerity is not working and offering a glimmer of hope to basket-case economies like Greece, Spain and Italy.
