Draghi Convinces All But Five Officials on ECB Proposal
- Five Governing Council members said not to back full package
- Stimulus decision matched ECB board proposal made on Thursday
Have Draghi's QE Measures Done Enough to Impress?
Mario Draghi convinced all but five members of the European Central Bank’s Governing Council to support a stimulus package that matched what he and his officials were proposing, according to euro-zone central bank officials.
The ECB president didn’t push for measures beyond those he announced on Thursday, the officials said. The ECB circulated the plan to the 25-member panel in the morning. It passed with the backing of all policy makers except the two from Germany -- Bundesbank President Jens Weidmann and Executive Board member Sabine Lautenschlaeger -- and the governors of the Dutch, Estonian and Latvian central banks, said the officials who didn’t want to be identified because ECB discussions are private.