‘The poisoned gift’

Published on 15 March 2013 at 11:44

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Presenting Mario Draghi as the 19th Century monarch Charles XIV John of Sweden, the business daily says that the European Central Bank President is “the saviour of the euro and the ruination of savers.”

In a feature devoted to the actions of the ECB, the newspaper notes that

… since the onset of the financial crisis, the ECB and other central banks have swamped the world with cheap money. Initially, this calmed the markets, but there are risks: the emergence of new [financial] bubbles, at a time when insurers are having trouble finding investments and savers are threatened with the loss of their savings.

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