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Reputation of ECB's Draghi turns from gold to brass

After European stock and bond dived at the end of last week, Mr Draghi tried to reassure market participants, saying "we have the power to act, the determination to act, the commitment to act".


MARIO Draghi's golden reputation has turned to brass following market disappointment with his plans to expand quantitative easing (QE) .

After sharp European stock and bond declines at the end of last week, the European Central Bank (ECB) chief attempted to reassure market