In what some are calling a possible hint of major policy shift, ECB President Mario Draghi made news with his speech at Jackson Hole, Wyoming. Here are a couple of articles analyzing his comments.
Quotes from this article:
"European Central Bank President Mario Draghi on Friday signaled a departure from the austerity-focused mind-set that has dominated economic policy-making in the euro zone since the onset of the region's debt crisis nearly five years ago, as officials struggle with stagnant economies, weak prices and high unemployment."
"Draghi's comments, at the Jackson Hole meeting of central bankers in Wyoming on Friday, raised expectations of further policy easing by the central bank. Hopes of further stimulus pushed stocks in Europe higher on Monday."