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ECB's Draghi: ongoing financial tensions will harm growth

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Uploaded on Nov 3, 2011

The new ECB president, Mario Draghi, on Thursday told journalists in a press conference in Frankfurt that growth is likely to remain weak due to the current financial tensions. He also announced a cut in the eurozone interest rates to 1.25%.

Mr. Draghi took over as the new ECB chief on the 1st of November, replacing Jean-Claude Trichet, who held the post for eight years.

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