ECB seeks govt back-up to support economy

That will make disappointing reading for policymakers at the European Central Bank (ECB), who are expected to signal today a bias towards cutting its already-negative deposit rate this year to try to boost growth and inflation

FRANKFURT: The European Central Bank’s latest round of stimulus is being accompanied by renewed calls on governments to step up their game in nurturing the economy.

It’s an acknowledgment by President Mario Draghi and fellow policy makers that they’ll do what they can - but their options are sorely depleted if the current economic weakness worsens.