Analysis - A year on, Draghi's 'save the euro' pledge remains untested

FRANKFURT | Thu Jul 25, 2013 2:25pm BST
(Reuters) - A year after Mario Draghi vowed to do "whatever it takes" to save the euro, the European Central Bank president can claim to have staved off disaster - but he may have to back up his words with action before long.

Were euro zone turmoil to return, especially with Spain or Italy on the receiving end, Draghi and the ECB will have to prove that his promise - made on July 26 last year - has substance, something he and the ECB have not yet had to do.

FTSE100 ends firmly lower as earnings news disappoints