President of the European Central Bank (ECB) Mario Draghi confirmed IMF assessment that the financial crisis in Eurozone is getting deeper.

Draghi’s response to MEP Rodi Kratsa letter, member of the Economic and Monetary Affairs Committee, was that ECB “observed a further deterioration, and increasing fragmentation of, euro area financial markets since April 2012.” According to the Italian President, right now Eurozone’s banks funding conditions are fragmented, ind...

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