The Trader 

The EU bond rollercoaster

The Trader

Delivering a speech in London on 26 July 2012, the head of the European Central Bank, Mario Draghi, famously said: "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.’’ Echoes of these words were used at the press conference following their most recent rate-setting meeting on Thursday 7 March where he noted that rates would remain accommodative "for as long as necessary [and that] today’s decisions will support the build-up of domestic price pressures".

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