“The European Central Bank is ready to take ‘decisive action’ and use its full range of policies to keep the euro bloc from sliding into crippling deflation, President Mario Draghi said Thursday.  Draghi said it would be ‘pointless’ to speculate now exactly which tool the bank might use.  He said the bank would use any means allowed. In theory, that also includes injecting new money into the economy, as the U.S. Federal Reserve has done, though such a move would run into strong opposition from Germany, the eurozone’s largest member.”

http://bigstory.ap.org/article/ecb-confronts-slow-economy-low-inflation

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