Draghi must tackle threat of deflation

Editorial: Draghi must tackle threat of deflation; The Financial Times; May 9, 2014

Since becoming president of the European Central Bank at the height of the eurozone crisis, Mario Draghi has gained a reputation for winning the trust of financial markets with words as much as deeds.

…stating that the “governing council is comfortable with acting next time”. This is as close as the often Delphic ECB president ever comes to making a firm commitment to act.

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