Brussels, 08/12/2011 (Agence Europe) - On Thursday 8 December, the new president of the European Central Bank, Mario Draghi, quashed hopes of massive cash injections from the ECB to help countries through the crisis, calling instead for governments to pull out the stops. Addressing the EU's heads of state in Brussels, he called for a new “Budget Pact” in the eurozone to stem the debt crisis, pointing out that the ultimate responsibility lay in the hands of political leaders.
Draghi said...