Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

ECB deploys new weapons, but is it too late? Add to ...

Subscribers Only

After months of dithering while the euro-zone economy stumbled and inflation fell to perilously low levels, the European Central Bank has finally unleashed the few remaining weapons in its arsenal and promises to pursue more unconventional measures if necessary.

Even the more hawkish policy makers on the bank’s governing council could no longer pretend that the 18-country monetary union was somehow immune to a Japan-style wave of crippling deflation and years of feeble economic performance.

Report Typo/Error

Follow on Twitter: @bmilnerglobe

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular