- European Central Bank President Mario Draghi called upon euro zone governments to do more to support a faltering economy with fiscal policy Thursday, as he detailed the ECB's latest raft of monetary measures.
"Governments with fiscal space should act in an effective and timely manner," Draghi said, only two days after Germany, the euro zone's largest economy, signaled it's targeting another balanced federal budget next year. The euro zone economy is facing an extended slowdown and inflation is likely to stay clearly below the European Central Bank's medium-term target, Draghi said.
Key points from Draghi's introductory statement:
