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Draghi: The risks of 'doing too little' to stimulate the eurozone economy outweigh those of 'doing too much' (Photo: Valentina Pop)

Draghi urges new stimulus to stave off stagnation

The European Central Bank (ECB) is preparing to step up its attempts to breathe life into the eurozone’s stagnant economy.

During a speech in the US on Friday (22 August), ECB chief Mario Draghi called on eurozone treasuries to take fresh steps to stimulate demand amid signs that the bloc’s tepid recovery is stalling.

"It may be useful to have a discussion on the overall fiscal stance of the euro area," Draghi told delegates at a meeting of financiers in Jackson Hole, Wyoming, add...

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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: The risks of 'doing too little' to stimulate the eurozone economy outweigh those of 'doing too much' (Photo: Valentina Pop)

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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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