Draghi explains extraordinary policy measures


Mario Draghi, the president of the European Central Bank (ECB) on Thursday explained the reasoning behind the introduction of measures to enhance bank lending and liquidity in the eurozone.

Delivering the Ludwig Erhard Lecture in Berlin, Draghi first set out the circumstances that had forced the ECB into action.

"Current circumstances remain demanding," he said. "With economic, financial and fiscal issues deeply intertwined with challenges at the political level in many countries and in the

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