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Economic reality is set to box Mario Draghi into a corner

While Mr Draghi is unlikely to alter dramatically his ultra-dovish line, it's only a question of limited time before economic reality boxes the ECB into following its peers and changing course away from ever-expanding stimulus.


THE European Central Bank policy could have ended its year with a non-event on Thursday, merely filling in the gaps left after October's decision to curb quantitative easing from January. Instead, policy makers are poised to unveil new growth and...

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