As Draghi attempts to deliver on his nearly two-and-a-half-year-old commitment, the limits of his promise – like comparable assurances by the Fed and the BOJ – could become glaringly apparent.
Draghis Versuche, sein fast zweieinhalb Jahre altes Versprechen zu halten, könnten dessen Grenzen – wie die vergleichbarer Zusicherungen der Fed und der Bank von Japan – in eklatanter Weise deutlich machen.