Draghi alone can’t solve Europe’s problems

The ECB is poised to take further action in a bid to save the eurozone, but it will all be for nothing if co-ordinated fiscal policy doesn't follow.

The euro fell to a two-year low overnight against the US dollar after European Central Bank President Mario Draghi reiterated the ECB’s commitment to expand its balance sheet and fight off the increasing threat of deflation. But it is unlikely that the ECB’s policies will gain much traction without a co-ordinated effort through the eurozone to increase fiscal spending and improve aggregate demand.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles