• 10 Jan 2013 at 3:00 PM

ECB Feels Great About Doing Nothing

Flu isn’t the only thing going around. An epidemic of economic optimism has seized the European Central Bank, and its president thinks that should be enough to get the continent’s economy going once again.

“There is a positive contagion when things go well,” Mr. Draghi said. “That’s what is in play now.”

Then he said something about a “jury” still being “out,” but I for one was too europhoric and busy stimulating the economy to hear it. Which is good, because Draghi & Co. won’t be doing any stimulation themselves.

A united European Central Bank sent a strong signal that it is unlikely to cut interest rates despite economic contraction and record unemployment, suggesting the euro-zone economy must find its own footing without additional help from the central bank.

European Central Bank Leaves Key Rate Unchanged [NYT]
ECB Damps Talk of New Stimulus [WSJ]

4 comments (hidden for your protection)
Show all comments ↓

Comments (4)

  1. Posted by Guest | January 10, 2013 at 5:23 PM

    Why'd you post a picture of Matt for?

  2. Posted by Guest | January 23, 2013 at 10:48 AM
  3. Posted by sohbet | May 12, 2013 at 6:24 PM

    telling these little stories, here's a good idea: Have a point. It makes it so much more interesting for the listener.

  4. Posted by sohbet | July 8, 2013 at 9:23 PM

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them