Last summer, the ECB's chief Mario Draghi put a line in the sand with his "whatever it takes" (to save the euro) speech.

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If he wants to save the euro, it is time for Mario Draghi to put the fear of God back into such hearts.

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As we went to press, Mr Draghi was to put flesh on his pledge to limit the cost of medium-term borrowing by governments (and hence companies).

ECONOMIST: Saving the euro