ECB cheap-money policy reaching its limits, warns top official
Frankfurt (dpa) - The European Central Bank‘s policy of cheap money for financial markets is running up against its limits but would be more effective if countries pursued economic reforms, a top ECB official has warned.In remarks reported Thursday, a day after talking with journalists, ECB board member Yves Mersch said, "We still have some ammunition left. But the effect would be much greater if the necessary reforms would be undertaken."Mersch then conceded, "I cannot deny that one is feeling a... Читать дальше...