Unemployment in the euro area: Draghi urges new stimulus to stave off stagnation

During a speech in the US on 22 August 2014, ECB chief Mario Draghi called on eurozone treasuries to take fresh steps to stimulate demand amid signs that the bloc’s tepid recovery was stalling.

The Frankfurt-based bank was preparing to follow the lead of the US Federal Reserve and the Bank of England by launching its own programme of quantitative easing (QE) - creating money to buy financial assets.

• Primary Source

ESO: Background information: Monetary policy decisions, August 2014 http://www.europeansources.info/record/monetary-policy-decisions-august-2014/

EUObserver, 25.08.14: Draghi urges new stimulus to stave off stagnation http://euobserver.com/news/125335

Reuters, 25.08.14: About-face for ECB's Draghi as he seeks to jolt euro zone into life http://uk.reuters.com/article/2014/08/25/uk-ecb-policy-draghi-analysis-idUKKBN0GP0YY20140825

The Wall Street Journal, 22.08.14: ECB's Mario Draghi Signals Departure From Austerity Focus http://online.wsj.com/articles/ecbs-draghi-signals-departure-from-austerity-focus-1408732207

EurActiv, 26.08.14: Euro slides on French political woes, weak German data http://www.euractiv.com/sections/euro-finance/euro-slides-french-political-woes-weak-german-data-307966

Deutsche Welle, 27.08.14: Draghi remarks drive eurozone debt costs to record lows http://dw.de/p/1D2kk

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