Mario Draghi is taking his sales pitch into the lionâ€™s den.
By appearing before a joint session of three committees of the German parliament in Berlin today, the European Central Bank president is seeking popular support in Europeâ€™s largest economy for his plan to purchase government bonds to stem the debt crisis. While Draghi says his so-called Outright Monetary Transactions are required for price stability, some German policy makers say they are an affront to the monetary orthodoxy upon which the ECB was founded.
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