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The July 25 European Central Bank ((ECB)) meeting was billed as the most important ECB meeting of the last few years. Today's statement and press conference, read in isolation, mark a significant statement of intent regarding the ECB's willingness and ability to "do whatever it takes" (version 2.0).
In reality, the main event had already occurred in Sintra, Portugal, in June, at the ECB's Forum on Central Banking - the ECB's equivalent to the U.S. Federal Reserve's Jackson Hole Economic Symposium. At the forum, President Mario Draghi and other ECB officials