ECB needs to move from words to action

Finally, the European Central Bank seems ready to move again. And not before time. Mario Draghi, as president, has done a good job in persuading and cajoling the ECB governing council into easing policy in the last couple of years, both through lowering interest rates and providing finance to the banking system. This may well have avoided even more serious economic dislocation than we have already seen. But the eurozone economy remains fragile ...