Articles
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ECB ready to take stronger measure
THE new head of the European Central Bank signaled yesterday it was ready to take stronger action to fight Europe’s debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation eurozone.
Speaking a day after the world’s major central banks took joint action to provide cheaper dollar funding for starved European banks, Mario Draghi painted a dark picture of the state of the banking system.
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