Expect the ECB To Focus on Implementation, Says Hewin
If Mario Draghi criticizes euro-area governments on Thursday, he knows the world’s economic policy advisers support him even though the intended audience might not be listening. The European Central Bank president will probably have little fresh monetary stimulus to offer when he briefs reporters in Vienna after the Governing Council sets policy, giving him room to address rising concern that politicians aren’t pulling their weight. Updated economic projections are likely to reinforce the perception that despite massive monetary easing, the ECB is still struggling to meet its inflation goal. Standard Chartered Chief European Economist discusses with Bloomberg's Anna Edwards on "Countdown."