Draghi: ECB has done ‘a great job’ to support euro area
From fxbriefs.com
Bank lending main channel for firms’ lending; OMT has been effective in restoring market functioning; ECB stands ready to act again if needed; There are limits to what monetary policy can do; ECB cannot provide capital to small companies; Monetary policy cannot create economic growth; Consolidation to be made ‘growth friendly’;
(full story)