Jim D. Woodward, CC BY 2.0
European Central Bank Unsure How to Proceed (Reuters)
According to European Central Bank (ECB) President Mario Draghi, the bank is now ready to begin fresh action to aid the euro zone economy but does not yet have a concrete plan in place. “The level of preparedness is pretty high on all (policy options),” Draghi said, before later adding: “Which instruments would we deploy against which contingency? We haven’t really done any reflection on that.”
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