Mario Draghi, the European Central Bank’s (ECB) President, surprised the world yesterday. Growth and inflation targets are not being met in the euro-zone according to the central bank’s latest forecast. Their projections now show growth reaching just 1.1 percent this year, falling from 1.7 percent in their prior prognostication.
Relay races are exciting. You get the fastest runners from around the globe and wait for world records to be set. Of course, the most dangerous portion of the competition occurs during the handoff. If a smooth connection isn’t made, forget finishing the race, let alone contacting the folks from Guinness World Records.