By Jeff
Black - Mar 26, 2013 3:42 PM GMT+0200
Mario
Draghi’s brinkmanship has worked -- for now.
The
European Central Bank’s ultimatum to Cyprus to commit to a 10
billion-euro ($12.9 billion) rescue showed Draghi playing a harder and more
public game than in any bailout before. While that’s easy enough with a country
like Cyprus ,
officials may shirk from such tactics with bigger nations, said economists from
Citigroup Inc. to ABN Amro Bank NV.