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Prices in Europe Continue to Sink, Showing Why Draghi Had to Act

From bloomberg.com

Mario Draghi’s reasons for flooding the euro area with money will be laid bare once again this week. Days after the European Central Bank president announced a 1.1 trillion-euro ($1.2 trillion) stimulus plan, data may show prices in the euro area are falling at close to the fastest pace since the shared currency was introduced 16 years ago. Sinking prices, together with stubbornly high unemployment, will reinforce the picture of economic weakness that convinced the Frankfurt-based central bank to go ahead with the controversial purchase of government bonds. Anticipation of more action from Draghi to prevent a ... (full story)

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