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ECB head willing to step up stimulus

from The Associated Press via WFLD-TV

European Central Bank head Mario Draghi says the eurozone's chief monetary authority is willing to "step up the pressure" and increase its efforts to stimulate the struggling economy. The comments fed market expectations for more central bank action, sending the euro lower and stocks higher. Draghi said at a recent banking congress in Frankfurt, Germany, that if current efforts do not achieve the desired effect the ECB could "broaden even more the channels through which we intervene." more


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