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Massachusetts Institute of Technology
European Central Bank expected to unveil stimulus plan
European Central Bank expected to unveil stimulus plan

In the summer of 2012, with the euro in crisis and the European experiment of unified government seemingly on the brink, the head of the European Central Bank made a now-famous vow. "The ECB will do whatever it takes to preserve the euro," Mario Draghi said. "And believe me, it will be enough." On Thursday, global markets will be watching to see whether Draghi will back that promise with a mountain of cash. The ECB, the equivalent of the U.S. Federal Reserve, controls monetary policy for the 19-member Eurozone economy. The bank is widely expected to embark on a U.S.-style plan of monetary stimulus designed to prevent the continent from sliding into recession or,...

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