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Draghi: The tone of his remarks suggest a central bank in complete awareness of the issues...

Draghi: The tone of his remarks suggest a central bank in complete awareness of the issues facing EMU, but not able - within its mandate (the ECB is not the Fed) - to do a lot about it. The singleness of monetary policy is being questioned, he says. "The monetary fragmentation taking place in the euro area is at unacceptable levels."
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