Sunday 29, July 2012 by Dr. Nasser Saidi

DIFC Weekly Economic Commentary - 29 July 2012

At the beginning of the week stock markets worldwide extended the tumble recorded the previous Friday. Then after a few days dominated by a declining trend, ECB President Mario Draghi declared that the central bank is “ready to do whatever it takes” within its mandate to preserve the single currency and the tensions on the markets eased.

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