ECB needs to get a grip and buy bonds

Despite a slowing Chinese economy, decelerating inflation, and a stronger euro, ECB president Mario Draghi has said he will do more to support eurozone growth only “if necessary”. 

He should stop listening to Europe’s scolds and do the right thing.

Ben Bernanke, the former chairman of the US Federal Reserve, has reminded us that, in November 2010, German finance minister Wolfgang Schäuble described US monetary policy as “clueless”.