Europe’s Bank Takes Aggressive Steps

He is cutting interest rates to the bone. He is charging banks even more to park their money. And he is using the central bank’s financial muscle to spur lending.
But the question is whether the new actions, announced on Thursday, will be enough to fix Europe’s problems. If they don’t, Mr. Draghi doesn’t have many options left.

This post was published at NY Times

 

Leave a Reply

Your email address will not be published. Required fields are marked *