ECB’s Stournaras Pledges ‘Whatever It Takes’ to Limit Inflation
Yannis Stournaras
Photographer: Herbert Neubauer/AFP/Getty Images
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The European Central Bank will do “whatever it takes” to stop an inflationary overshoot becoming permanent, Governing Council member Yannis Stournaras said, invoking the crisis-fighting words of former President Mario Draghi.
The vocabulary, echoing the Italian’s historic speech a decade ago in the midst of the region’s debt turmoil, highlights the stakes ahead of a meeting next week that is taking place against the backdrop of record consumer-price readings.