Draghi: "We have shown we are not short of ammunition" (Photo: ECB)

Deflation fears trigger ECB's 'bazooka'

The European Central Bank (ECB) once again on Thursday (10 March) used its "bazooka" of dramatic measures to try to revive the European economy threatened by slowing growth, global uncertainties and a new risk of deflation.

The objective was also psychological, as the ECB chief Mario Draghi tried to convince market watchers of the effectiveness of policies that have so far failed to produce decisive results.

The ECB decided to raise from €60 billion to €80 billion the amount of bo...

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