European Central Bank president Mario Draghi's attempts to drag (pun very much intended) the Eurozone out of the doldrums might be largely unsuccessful so far but it seems he still has his fans. He's been named "governor of the year", and while we sympathise with the Central Banking Award judges (it's not a category filled with exhilarating candidates), it seems they must have overlooked looming deflation and unemployment that didn't budge from a record high of 12.1 per cent in November. While the panel cites his "unflappable conviction" as a virtue, we hope that Draghi might finally change course in 2014. "It is still too early to declare victory and the recovery remains fragile, but we can see our very accommodative monetary policy stance finally finding its way through the economy," he said. Well, at least this small victory might cheer him for a while.
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