Europe’s rates kept on hold
Mario Draghi said that for now the ECB sees “tentative signs of a stabilisation in economic activity” and expects the eurozone economy “to recovery very gradually in 2012”.
Some experts predict the region will slip back into recession, and Greece’s huge debt problems remain a constant source of concern.
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Hide AdDraghi ducked questions about whether the ECB would give up profits on the Greek bonds it holds, as suggested by some officials, in order to help finance a second bail-out package for Athens. But he did leave open a legal door for the ECB to help lighten Greece’s debt load at some point.