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In a bid to stimulate economic recovery in Europe, on 3 July the executive board of the European Central Bank (ECB) decided to increase the amount of credit to be made available to businesses in successive liquidity auctions this year from €400bn to €1trn, reports Cinco Días.
With this decision, the Madrid business daily argues that "Draghi is fanning the flames" to "combat the prospect of long-term low inflation in the euro zone." The ECB has also decided to increase transparency by publishing minutes of its meetings.
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