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ECB's Draghi details stimulus plan

European Central Bank head Mario Draghi underlined the bank's willingness to step up its economic stimulus efforts with large-scale bond purchases if needed — but his comments after the bank's meeting Thursday did not seem to bring that day any closer. Markets fell after his statements, as some investors were hoping for a stronger commitment to more stimulus. Germany's main index declined 2 percent, France's 2.8 percent and Italy's a whopping 3.9 percent. The euro rose to $1.2654 from $1.2630 earlier in the day, a sign currency traders are scaling back their expectations for future monetary stimulus. Draghi warned that the economic recovery in the 18 euro...

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