The world has watched as euro’s untold fate unfolds. Nations, prominent and influential individuals of the financial plane, optimistic and pessimistic investors, down up to even the commoners had been scrupulously observing the currency’s dire situation. The every tick is guarded by the watchful eyes of the financial guard dogs. Alerting everyone whenever something is fast approaching, whether be it good or bad.

The whole world bear witness on euro’s graceful downfall. The debt crisis which lay euro on its sickbed is slowly decaying the prominent alliance as rumors of bailouts sprout like mushrooms. But not all is lost. A glimpse of hope in a form of a bank is trying to put a halt to the threat.

Just a few months ago, Mario Draghi, the current president of European Central Bank (ECB) announced its willingness to provide whatever assistance that euro will require. The unyielding support had not come unnoticed as ECB’s every step is being watched.

Though real plans of euro’s salvation is still to be lain to the public, certain actions had already been taken. The knight, who has yet to prove its true might, had parried the current decrease by announcing its plan for unlimited sterilized bond buying to suppress the crisis.

ECB’s latest move lifted the spirit of investors and permitted an optimistic atmosphere. As a result, the currency gained from the spiced up investors as it rose against its competitors.

But not everyone in ECB supports its cause. The president of the Deutsche Bundesbank, Germany’s central bank, considered resigning because he sees it as a loss cause if carried out without proper support. The threat had put more pressure on Draghi to take an another glance on the plan. Rumor has it that Jen Weidman was dissuaded by German government from leaving the position but still his stand on the topic is still steadfast. The involved chief didn’t confirm its authenticity.

Stephen Stevenson