Europe News

ECB's Draghi disappoints: Analysis and reaction


The European Central Bank (ECB) left interest rates unchanged on Thursday, as expected following last month's unexpected cuts. Instead, ECB President Mario Draghi gave more details of the bank's asset-purchase plan, devised to boost the euro zone's struggling economy.

Markets had been expecting more details on the total volume of the program and country distribution, however, along with some hints about a Federal-Reserve style quantitative easing (QE) program. Draghi's failure to address these issues sent European bourses lower.

This as anti-austerity protesters took to the streets in Naples, where this month's meeting is being held, leading to clashes with police.

We live blogged all the latest developments. See how it developed below (to view on mobile, click here):