Draghi Risks Market Wrath as Pressure for ECB Action Grows
This article is for subscribers only.
Whatever Mario Draghi does today, economists say doing nothing is not an option.
Investors are looking for the European Central Bank President to make good on his promise to do whatever is needed to protect the euro, interpreted by most as a signal that the ECB will intervene in bond markets. Should Draghi fail to overcome the objections of Germany’s Bundesbank to such action, the disappointment could spark a selloff. He holds a press conference at 2:30 p.m. in Frankfurt.