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Markets Too Pessimistic Over Draghi: Expert

Friday, 3 Aug 2012 | 5:00 AM ET

"I think the markets were a bit more pessimistic about what he said then they needed to be, granted he didn't come out with the firm action that they thought they would, but he didn't rule it out either."Moorad Choudhry, head of treasury, corporate banking division at Royal Bank of Scotland, told CNBC.