Suggestions that the ECB will go down the route of a sizeable economic stimulus package have put downward pressure on the euro this morning. Olli Rehn, Governor of the Bank of Finland and a member of the ECB’s Governing Council, told the Wall Street Journal yesterday that ‘a significant and impactful policy package’ would be needed to boost the eurozone’s ailing economy.
Meanwhile, the Euro STOXX banks index has dropped to 2012 levels, when the eurozone was at the height of its debt crisis. Reuters reports that the index is now only a few points distant from reaching the levels of the 1980s.
