European Economics

ECB Watch
29 November, 2012

Still standing ready

Having boldly pledged to do whatever it takes to save the euro back in the summer, ECB President Mario Draghi has struck a noticeably more cautious tone over recent months. We expect more of the same at the post-Governing Council meeting press conference on 6th December. While stating again that the ECB stands ready to put its bond purchase plan into action, he will reemphasise that it is up to euro-zone governments to address the debt crisis. And he is unlikely to offer much hope of further imminent policy support for the broader euro-zone economy....

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article

Log in



Follow @CapEconEurope

New Book

The Trouble with Europe

by Roger Bootle

"Right on every count"
The Guardian

Buy now on Amazon

Get the App

The Capital Economics app is a new way for clients to keep up to date with our latest research.