Economics
Draghi Shouts Louder at Germany as ECB Prepares Stimulus
- ECB will probably deliver new monetary support in September
- Germany sees no crisis, says it won’t budge on fiscal rules
Mario Draghi says the risk of a euro-area recession is "pretty low" while repeating his call for fiscal stimulus.
Source: BloombergThis article is for subscribers only.
Mario Draghi is shouting louder than ever for help with the euro-area economy, and still no one is listening.
After stating that the outlook is getting “worse and worse,” the European Central Bank president said on Thursday it is “unquestionable” that governments will need to pitch in with fiscal measures if conditions keep deteriorating.