ECB agaisnt protectionism

The ECB's decision on interest rates hits the European banking sector

ECB Head Warns Against Protectionism

Israel Rafalovich (Brussels) | Mr. Draghi urged action through organisations such as the WTO to address variations in tax regimes, take a stand on labour regulations and put in place tougher rules for cross border finance. Mr. Draghi pointed out that in order to accomplish that the EU would have to strengthen it own institutions including setting up  a country risk sharing institution for the of the 19-country euro zone.