European Central Bank chief Mario Draghi told eurozone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis. The ECB is under intense pressure to play a greater role in tackling the eurozone crisis. A Reuters poll of 50 bond strategists in Europe and the United States gave an even probability that it would eventually agree to print money.
A Reuters poll of 50 bond strategists in Europe and the United States however gave an even probability that the ECB would eventually agree to print money. Draghi put the onus firmly on governments, saying they had failed to put into practice decisions underpinning the European Financial Stability Facility - the rescue fund, which they have promised to give more firepower without yet explaining how. "Where is the implementation of these long-standing decisions?" Draghi said at a banking conference in Frankfurt. "We should not be waiting any longer."
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