Editorial Board

Europe Must Rediscover Fiscal Policy

Mario Draghi has done about all he can do.

What he doesn't say is important.

Photographer: Jasper Juinen/Bloomberg

Investors weren’t expecting anything from European Central Bank President Mario Draghi on Thursday, and he delivered in full. The ECB’s policy is working just fine and doesn’t need to change, he told assembled reporters. Thank you for coming.

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