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« Why ECB QE Will Drive European Stocks To New Highs | Main | Russia's Monetary Solution »
Thursday
Dec042014

Draghi says will not allow dissenters to block possible ECB action

(Reuters) - The European Central Bank will decide early next year whether to take further action to revive the euro zone'seconomy, its president said on Thursday, signalling that he would not allow opposition from Germany or anyone else to stop it.

In his clearest language yet, Mario Draghi underlined the central bank's commitment to supporting the ailing economy of the 18-country bloc, and argued the case for printing fresh money to buy assets such as state bonds.

But his remarks, which came within minutes of a meeting where he clashed with German officials over his ambitions, set him on a possible collision course with the euro zone's biggest and single most important country.


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Editor: Don't expect the ECB to move fast, the whole of the EU is moribund by bureaucracy and ineptitude. The standout for me is that the new HQ is costing 1.3 billion euros and we understand that it is 3 years late. If they cant build a bank on time then the thought of them being in charge of the European economy is the stuff that nightmares are made of.

Is the bottom really in? Could there be a final capitulation just ahead of us? 

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