ECB signals it can take further action

05/8/2013 | Reuters

Even after cutting interest rates to a record low of 0.5%, the European Central Bank signaled it stands ready to do more to revive the moribund eurozone economy as needed. "We still have tools in our toolbox, we are not a toothless tiger," said Yves Mersch, a member of the ECB's six-person Executive Board.

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