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Speaking before the European Parliament on September 23, European Central Bank President Mario Draghi said he was willing to consider additional stimulus measures to banks to keep short-term market interest rates in check and safeguard the bloc’s fragile recovery, reports Cinco Días.
Since December 2011, the ECB has funneled over a trillion euros to eurozone banks.
According to the daily —
Two years later [...] Draghi may use the same formula to make money flow to small businesses and the real economy, instead of leaving it in the ECB’s coffers.
On a related issue, Merkel is to maintain her pro-austerity European policy in the wake of German elections. However, Brussels foresees that a grand coalition with the SPD would result in a more constructive leadership, remarks the Spanish daily.
