Easy Money ECB Embarks on Risky Experiment

Last week's ECB interest rate cut was aimed at averting deflation and shows that the central bank is following the risky policy of monetary expansion adopted by Japan and the United States. Despite the latest figures, inflation is by no means banished.
European Central Bank President Mario Draghi: What's more dangerous for Europe? A lasting fall in prices or inflation?

European Central Bank President Mario Draghi: What's more dangerous for Europe? A lasting fall in prices or inflation?

ALEX DOMANSKI/ REUTERS