Five years have passed since the world was plunged into a financial crisis and the global economic recovery remains feeble, according to The Economist. "The euro zone's debt crisis became less acute in 2012, thanks largely to the promise by Mario Draghi, the European Central Bank's president, to do 'whatever it takes' to save the single currency," the magazine notes. "Bond yields in peripheral economies declined ... But Europe's chronic problems worsened."
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