Europe’s banking chief wields new power in crisis

Europe's banking chief wields new power in crisis

Press quote (The New York Times)
Philip Whyte
02 July 2012

"Mario Draghi is going to be damned if he does and damned if he doesn't. Damned if he does because he'll be seen in Germany as caving in to irresponsible and profligate countries in the periphery," said Philip Whyte, a senior research fellow at the CER in London. "If he doesn't cave in, it's difficult to see how Greece can stay inside the euro zone."