Sounding like a politician making a stump speech before an election, Mario Draghi, president of the European Central Bank, said there is a major misconception about the eurozone monetary union. The eurozone is a political union, not just a monetary union. Citing the willingness to solve collective problems, Draghi wrote in a Project Syndicate opinion piece that the eurozone is more resilient than many thought, and this is because people doubted and misjudged the political dimension. His comments come at a particularly tense moment, as Greece is on the verge of holding snap elections that could result in an unfriendly…
Draghi Mentions "Fiscal Transfers Between Richer and Poorer Regions" As Greece Vote Nears
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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