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ECB faces backlash over stimulus package – business live

Rolling coverage of the latest economic and financial news, including reaction to Mario Draghi’s latest parcel to save the eurozone economy

8.11 am BST

Boom! The newest member of the ECB’s governing council has proceeded public with its deep concern over Draghi’s stimulus package.

Essentially it was the question about how effective will a new monetary easing be.

“As things change — also this forward guidance and the policy may change — not tomorrow , not the day after, but I wouldn’t think it’s there for the next decades.

7.50 am BST

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Related: ECB announces fresh stimulus as eurozone economy hesitates

European Opening Calls: #FTSE 7362 +0.23% #DAX 12427 +0.13% #CAC 5646 +0.06% #MIB 22151 +0.31% #IBEX 9088 +0.06% #STOXX 3541 +0.06%

Those three governors alone represent roughly half of the euro region as measured by economic output and population.

Other objectors included, but weren’t restriction, to their colleagues from Austria and Estonia, as well as members on the ECB’s Executive Board including Sabine Lautenschlaeger and the markets chief, Benoit Coeure, the officials said.

It is high time for fiscal plan to take charge.

Danske Daily: ECB delivered a big package https :// t.co/ SLNJ7ruyq 3 pic.twitter.com/ PupcSjgpd0

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Read more: theguardian.com

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