Draghi Takes QE Case to Brussels as Politics Keeps Risk High
- ECB president will testify at European Parliament on Monday
- Critics seek clarity on stimulus end after inflation jump
Mario Draghi.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Mario Draghi will face European lawmakers on Monday knowing he can’t please them all.
The European Central Bank president can cite accelerating inflation, declining unemployment and 15 quarters of expansion as evidence that his stimulus policies are working. To face down calls to withdraw that support and let the euro-area economy stand on its own, he’ll probably also have to point to weak underlying price growth and a turbulent political environment.