Economics
Merkel Dodges Draghi Call for Clarity With Bank Union Swerve
- ECB had no alternative to rate cut, Draghi told EU leaders
- Germany blocked Portugal's push for wording on bank framework
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European Central Bank President Mario Draghi pushed European Union leaders for clarity on the future of the euro on Thursday. But Germany still chose to skirt a critical area of disagreement with its partners.
During a closed-door session in Brussels, Draghi told EU leaders that the most important thing they could do would be to set out a clear path forward for the monetary union, according to two officials familiar with deliberations.