Draghi Confronts Italy Impact as ECB Seen Holding Rates

The European Central Bank has to decide how big a threat Italy poses to Europe’s recovery. A rejection of austerity in the euro area’s third-largest economy has produced a political stalemate that’s driven up bond yields and undermined confidence in ECB President Mario Draghi’s scenario of a grad…

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Draghi Confronts Italy Impact as ECB Seen Holding Rates