European stock markets surged Thursday after the European Central Bank (ECB) indicated it is considering further action to boost the sluggish economy of the 18-member euro currency zone, which also threatens to drag down global economic recovery.
As expected, the European Central Bank left its main interest rate unchanged. It’s already at a record low of only 0.05 percent. At a news conference Thursday afternoon, ECB chief Mario Draghi said the central bank wanted to first see the effects of measures already put in place to counter the risk of deflation and boost European economies.
But, Draghi also said the ECB …read more
Source: Voice of America
