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ECB, US and Germany: divided we stand

Business Line

ECB, US and Germany: divided we stand


There is to be no course correction for the European Central Bank, at least for the time being.

Following a reportedly tense monhtly policy meeting (rumour has it Mario Draghi’s leadership is under attack) the Governing Council decided to stick with the plans it laid out over the summer.

The ECB is trying to ascertain whether its latest measures are enough to re-start the eurozone recovery, so for now further stimulus can wait.

On the other side of the Atlantic, the state of the economy does not seem to be an issue anymore.

Despite doing rather better than their eurozone counterparts, US voters turned against President Obama’s party – the Democrats – in the mid-term elections.

Markets welcomed the conquest of Congress by the Republicans, even though there are fears of gridlock between the executive and the legislative branches, which now stand divided.

Speaking of enduring divisions, in the latest edition of Business Weekly we will also look at how far reunification efforts have gone in Germany, 25 years after the fall of the Berlin Wall.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

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