euros zone


Has Europe overcome its woes?

MADRID | Draghi’s apparent resoluteness in shouldering the euro has dramatically turned the tide. No action has followed his words and yet the July nightmare has switched this month into a soothing dream. Undoubtedly investors were eager to take on board any good news reversing the excessive downside overshoot in the markets. Europeans leaders have also helped by wholeheartedly enjoying their holidays. For once, they have refrained from voicing the…