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Draghi (c): 'The economic impact is likely to be relatively limited' (Photo: Stephanie Jones)

ECB monitoring effects of Ukraine confrontation

The European Central Bank (ECB) is monitoring the possible economic effects of the Ukraine-Russia crisis, ECB chief Mario Draghi told EU lawmakers on Monday (3 March).

During a hearing at the European Parliament that was otherwise dominated by questions about the eurozone's low inflation rate, Draghi told MEPs that "the geopolitical dimensions of this could have themselves a strength and a capacity to affect events that go beyond the actual links and the statistical numbers."

“It...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Draghi (c): 'The economic impact is likely to be relatively limited' (Photo: Stephanie Jones)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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