Draghi: ECB Ready to Do Whatever it Takes

2:05 AM ET Fri, 27 July 2012

Nick Carn, founder at Carn Macro Advisors, told CNBC, "Draghi has the tools at hand the question is whether the ECB has the mandate or not and with most things in euro land this goes back to the basic institutions and who gets to control and what kind of brief they had."