A survey out this morning shows that manufacturing in the eurozone has fallen for the 13th straight month.
It’s not a great start to what will be a big week for the European Debt Crisis. On Thursday, the head of the European Central Bank, Mario Draghi, is expected to tell us what he meant when he said he’ll do “whatever it takes” to save the euro.
Marketplace’s Stephen Beard has been covering the story from London. He says that it is likely that on Thursday, Mario Draghi will give more details on the plan to buy large quantities of Spanish and Italian government bonds.
Christian Schulz of the German bank Berenberg says that “the ECB’s action could be a turning point in the euro crisis.” If the ECB, with its deep pockets, goes far enough, the measures it takes could save the euro.
Meanwhile, German chancellor Angela Merkel continues to walk a “tightrope” between pleasing her fellow countrymen — many of whom don’t support more aid to Greece — and holding the eurozone together.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.