Abstract
How can we explain that Draghi’s boast “to do whatever it takes to save the euro” was regarded then (2012) and still today as a sort of miracle accomplished by the “Italian magician”. There was no magic. It was, number one, a huge political operation coordinated by the Obama Administration which was desperate to avoid another Lehman crisis ahead of the November 2012 Election and ready to go along with the IMF resources being used for this purpose. In effect, Washington and Berlin saved the euro, already a deeply rotten currency, for their own political agendas. Draghi was just the “man on the phone”.
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Brown, B., Simonnot, P. (2020). Draghi: “Whatever It Takes”. In: Europe's Century of Crises Under Dollar Hegemony. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46653-4_15
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DOI: https://doi.org/10.1007/978-3-030-46653-4_15
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