Euro continues descent ahead of ECB meeting

mardi 2 septembre 2014

FILE - In this Aug. 7, 2014 file photo Head of the European Central Bank, ECB, Mario Draghi attends a news conference in Frankfurt, Germany. European Central Bank President Mario Draghi says there’s room for governments to dial back austerity, within limits. The ECB is looking at more stimulus, such as pumping new money into the economy by purchasing bonds. But such central bank stimulus can’t do it all alone. “It would be helpful for the overall stance of policy if fiscal policy could play a greater role alongside monetary policy, and I believe there is scope for this,” he said in a speech last week at a U.S. Federal Reserve conference at Jackson Hole, Wyoming. (AP Photo/dpa, Boris Roessler, File) LONDON (AP) — The euro has fallen to a one-year low against the dollar as Europe's single currency remains under pressure ahead of this week's policy meeting of the European Central Bank.








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