Economics
Draghi Says ECB Has Room to Do More, But Needs Fiscal Backup
- Says policy will be less effective without government spending
- ECB president spoke in an interview with Financial Times
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
European Central Bank President Mario Draghi said the institution can do more if needed to boost inflation, and repeated his call for euro-area governments to support this effort with fiscal spending.