Draghi confirms economic activity in Euro is “expected to remains weak”

Friday, November 9th 2012 - 06:30 UTC

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The European Central Bank (ECB) has held the benchmark Euro zone interest rate at the record low of 0.75%, as had been expected. The rate has been at this level for four months, after July's cut from 1%. Read full article

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Guzz
Dear Europe, please realise it isn't the bank rates that keeps the economy down. The production is leaving the continent, and the unemployment that it brings can't be treated lowering the interest rates.
We (I say we this time, I owe her too) need to bring production back, and for that to happen, 2 things must be fulfilled. Lower cost of life and lower salaries, mark my words.
Nov 09th, 2012 - 06:45 am - Link - Report abuse 0
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British_Kirchnerist
As I always say on stories like this, as its always true, austerity isn't working
Nov 09th, 2012 - 12:48 pm - Link - Report abuse 0
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Ayayay
Releece the Greece.

Northern Europe has some of the best economic stability balanced by activity in the entire world right now.
Nov 10th, 2012 - 02:13 am - Link - Report abuse 0
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