ECB head Mario Draghi. Photo Credit: AFP/Getty Images/Samuel Kubani
Having last year said that he would do “what it takes” to backstop the euro, Mario Draghi, head of the European Central Bank (ECB), is again voicing the once unthinkable: he is open to the possibility of negative interest rates to drag the 17-member euro zone out of its deepening recession.
Like the U.S. Federal Reserve, the Bank of Japan and the Bank…Europe,European Central Bank,Eurozone,Mario Draghi,monetary policy,Paul Maidment
Published Date : May 02, 2013, 11:53 AM EDT