ECB’s Draghi launches new stimulus after unprecedented revolt
The European Central Bank chief steps up calls for governments to spend their way out of a slowdown
12 September 2019 - 22:06
Frankfurt — European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing eurozone economy, after facing unprecedented resistance from heavyweights Germany and France.
As Draghi’s eight-year mandate nears its close, the ECB cut rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower, hoping to kick-start activity nearly a decade after the bloc’s debt crisis...
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