As ECB head Mario Draghi prepares to address the European Parliament’s Economic and Monetary Affairs Committee later this afternoon, he has already made the media circuit and provided a hint of what is to be expected. For the most part, markets have heard it all before; the ECB will not print money which is viewed by Mr. Draghi as counterproductive, nor will they continue to buy sovereign debt ad infinitum, and he believes that the EFSF is the last, best hope for the Eurozone’s recovery. Read more
