'No Measurable Effect' ECB Interest Rate Cut Inspires Little Hope

The European Central Bank's interest rate is now lower than ever before. But, even with the cut, few believe it will do much to energize the euro-zone's flagging economy. The real problems are to be found elsewhere -- and they aren't getting better.
European Central Bank President Mario Draghi announced a rate cut on Thursday.

European Central Bank President Mario Draghi announced a rate cut on Thursday.

Foto: ALEX DOMANSKI/ REUTERS
cgh -- with wire reports