Editorial Board

Mario Draghi Gets It (Almost) Right

After long and unforgivable delays, the ECB has finally done something right. Will it be too late?

Why is this man smiling?

Photographer: Hannelore Foerster/Getty Images

Audacity doesn't come easily to the European Central Bank. Its president, Mario Draghi, finally announced a long-awaited program of quantitative easing today. The numbers were bigger than expected, which is good, but the details were shrouded in complexity, which is a pity.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.