Draghi Says ECB Ready to Do More as Governments Urged to Help

Mario Draghi said the European Central Bank is ready to add more stimulus and called on governments to do more to help the euro-area economy.

“We stand ready to adjust our policy stance further,” the ECB president said today in the text of a speech at the Federal Reserve Bank of Kansas City’s economics conference in Jackson Hole, Wyoming. “It would be helpful for the overall stance of policy if fiscal policy could play a greater role alongside monetary policy, and I believe there is scope for this.”