Draghi’s $3.9 Trillion Ambition Seen Stretched in Survey
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Mario Draghi’s 3 trillion-euro ($3.9 trillion) ambition could be a stretch to achieve.
New stimulus measures ranging from long-term loans to asset purchases probably aren’t enough to expand the European Central Bank’s balance sheet back to the size its president would like, Bloomberg’s monthly survey of economists shows. The first gauge of the ECB’s success will come this week when it issues the initial funds under a four-year lending program to banks.