So far the other eurozone countries have had to bail out three small countries â¿¿ Greece, Ireland and Portugal â¿¿ with rescue loans along with the International Monetary Fund. Leaders are now trying to support Spain and Italy, which are much larger. A full scale bailout for both would stretch the resources of the other countries.At his news conference, Draghi was expected to underline that Spain needs to agree to strict conditions before it can get that help. The ECB has stressed that countries must first apply for financial help from the eurozone bailout fund, the European Stability Mechanism, and agree to a list of steps to reduce their deficits.
ECB Faces Sluggish Economy With Rates Already Low
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.