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European Central Bank president, Mario Draghi, says he expects eurozone GDP growth to shrink by 0.5% this year, bringing the total growth to 0.3%.
And while interest rates remain unchanged, but some analysts expect them to lower within the next year.
There is also unrest among some European bankers regarding the ECB’s recent lending of trillions of euros to various European banks. Draghi, however, maintains that it was a decision that saved the eurozone from an even deeper downward spiral and stressed that the ultimate goal is for European banks to do more for themselves on their own.