Ten months into his eight-year term, the man hailed as ‘’Super Mario’’ is facing his biggest test yet.
And though the outcome of the European Central Bank’s latest meeting is by no means a given, what’s sure is his words will resonate far from the region’s shores.
Now into its third year and counting, the single currency’s funding crunch has claimed the scalps of three eurozone countries so far and threatens to engulf others which are ‘too big to bail’ but too big to fail.
What started as a financial crisis has morphed into an existential one and left ECB President Mario Draghi to fill the vacuum of leadership left by the eurozone’s squabbling politicians.
While the ECB will formally be contemplating its interest rate policy on Thursday, Draghi’s most pressing task will be far less mundane: instead investors are relying on him to keep the next troubled members solvent, even if that means creating an artificial market for their debt.
Afghanistan (CNN) - A team of international archaeologists are racing against the clock to salvage relics from an ancient Buddhist monastery at Mes Aynak in Afghanistan before it is destroyed to make way for a giant $100 billion open cast copper mine.
Brent Huffman, documentary film maker and professor at Medill Northwest University, in the United States, has spent months in the midst of a situation which illustrates the conflicting economic and cultural interests at play in Afghanistan today.
“There is $100 billion worth of copper right underneath the site,” says Huffman. “In order for a Chinese company to mine this copper they’ve got to destroy the whole mountain range and all the monasteries. It is a race against time.”
(CNN) – This week, on the Millennials: Sam Bompas and Harry Parr are under pressure to deliver on a challenging project for their new client, Mercedes. But can they take the heat?
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