Some euro woes nothing to do with ECB: Draghi

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Some euro woes nothing to do with ECB: Draghi (by William L. Watts)

FRANKFURT (MarketWatch) -- The European Central Bank can't fill in for a lack of action by other policy makers in the euro zone, ECB President Mario Draghi said Wednesday at his monthly news conference. Draghi said the central bank's previous three-year long-term refinancing operations, or LTROs, helped avert bigger problems in the euro zone. Not all problems in the euro zone have anything to do with ECB policy, Draghi told reporters. The ECB chief said the central bank's decision to leave its key lending rate at 1% earlier in the day was made by "very broad consensus," indicating the decision wasn't unanimous.

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