Frankfurt (AFP) – A raft of grim eurozone data this week alarmed financial markets and placed both Germany’s doctrine of budgetary rigour and European Central Bank’s monetary policy in the hot seat.A seemingly never-ending stream of gloomy numbers sent the stock markets into a tailspin and exposed the fault lines in economic thinking across the 18-country euro area. ECB chief Mario Draghi insisted that growth depends on reforms by governments, but also sent a strong signal that the central bank could ramp up stimulus for the economy.”We are ready to alter the size and/or the composition of our unconventional interventions, …read more
Source: Business Insider
