Mersch
ECB 'still has ammunition' to boost eurozone: board member
Financial markets may have been disappointed by the European Central Bank's latest round of policy moves, but it still has other measures up its sleeve to boost recovery in the euro area, executive board member Yves Mersch said.
"As the Gauls say, if the sky doesn't fall in, we still have other ammunition we can use," Mersch told journalists at a dinner late on Dec. 9.
ECB's Mersch says Greek measures like IOUs would have high cost
Greece would face significant costs if it introduced a parallel currency or capital controls to manage its financial crisis, European Central Bank Executive Board member Yves Mersch said.