Draghi: The ECB is looking for a 'fiscal compact' (Photo: European Parliament)

ECB chief hints at more robust action

European Central Bank president Mario Draghi offered hints on Thursday that the Frankfurt institution is ready to expand its efforts to staunch the eurozone crisis, but only if eurozone economies commit to deeper integration rapidly under what he called a “fiscal compact”.

Parsing the wording of central bankers is never an exact science and indeed the newly minted central bank chief in his first speech to the European Parliament was far from explicit.

"It is first and foremost imp...

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