Dire Warnings About The Euro
Mario Draghi (Al Jazeera Video)
President of the European Central Bank (ECB), Mario Draghi, has told the European Parliament that “downside risks” to the eurozone economic outlook have increased.
He also said that temporary measures by the ECB, such as buying up government debt, would be limited.
Meanwhile, the Bank of England governor said banks should brace themselves to withstand the “extraordinarily serious and threatening” economic situation. Sir Mervyn King said the Bank of England itself was making “contingency plans” in case of a eurozone break-up.
Anchor Lisa Mullins speaks with Jacob Kirkegaard, a fellow at the The Peterson Institute for International Economics.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!