European Economy

Clueless in Europe

Don't let a bunch of scolds dictate monetary policy.

Wolfgang Schaeuble, Fed critic.

Photographer: Jasper Juinen/Bloomberg

Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only "if necessary." He should stop listening to Europe's scolds and do the right thing.

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