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Price stability is necessary for economic prosperity says Draghi
Draghi speaks in Milan •Destabilising consequences can arise from deflation •ECB has a high degree of independence •ECB must consider whether a weaker global environment impacts ability to return to price stability •ECB has always acted within its mandate and treaty limit •Without a doubt, QE has been effective to date •ECB has many tools at its disposal •ECB must consider whether QE can counter global headwinds That's a huge point and one we've raised before. QE is supposed to get the domestic economy firing but it can't do anything against external risks, save giving a country a better competitive ... (full story)
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