Mario Draghi’s efforts will count for little without structural reforms and more aggressive exhaust of fiscal policy by European governmentsFor most of its short life,the European Central Bank fretted approximately inflation being too high. Now it has the opposite concern.
The fear of deflation explains the package of measures announced by Mario Draghi on Thursday. Three months ago, the ECB president disappointed the markets by coming up with less stimulus than he had led them to expect. This time there were no half measures. Related: Markets volatile after ECB cuts interest rates and boosts QE - commerce live Continue reading...
Source: theguardian.com