Draghi Tests Limits of Power as ECB Enters 2014 Endgame
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As Mario Draghi prepares the ground for further European Central Bank action, he’s testing the limits of his power.
Two years after he corralled policy makers to back his plan to save the euro, the ECB president is struggling to galvanize similar support for more stimulus to rescue the region’s economy. At his monthly press conference today in Frankfurt, he’ll probably insist he can overcome divisions on the Governing Council as officials prepare their final forecasts in 2014.