World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
Light at the End of the Tunnel
Elliot Y. Neaman & Shalendra D. Sharma
World Economics, June 2013

In October 2012, the Norwegian Nobel Committee honoured the EU with the 2012 peace prize for creating a peaceful and stable Europe after the destructive wars and economic crises of the twentieth century. However, it would have been more appropriate to bestow the prize on the ‘Troika’: the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF), with special acknowledgement to ‘Super’ Mario Draghi, the president of the ECB who has done more than anyone to ease the Eurozone’s ongoing and existential economic crisis and keep the union still intact.


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