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Draghi’s Divided ECB Leaves Markets Hoping for Government Action

  • ECB president will make way for Christine Lagarde in November
  • His stimulus effort is contested, economists doubt its impact
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Holzmann says policy makers disagreed on the effectiveness of the ECB’s new stimulus measures.Source: Bloomberg
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Mario Draghi is leaving the European Central Bank with a final stimulus package that has divided colleagues and drawn doubts over its economic effectiveness, putting governments under renewed pressure to step up with fiscal policy.