LONDON (MarketWatch)
European Central Bank President Mario Draghi said on Thursday that the decision to cut interest rates was unanimous and was made after downside risks to the euro-zone economic outlook materialized in recent data.
He also said the ECB never pre-commits on future rate moves.
Draghi also said that while inflation remains elevated in the euro zone, it will decline below 2% over the course of 2012.
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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