"The governing council is ready to act if necessary when it meets again in June." Again, Draghi's comments show that his voice has an impact on global markets, because after he issued that comment, restless investors calmed down and the stock markets soared. Draghi's plan is to wait until June earnings forecasts and see what happens with inflation at that point.
In other words, he has come up with a reason to defend his silence against Germany's questioning whether the Ecb will lower rates or take any other unorthodox measures such as buying bonds or pumping money into the banks. Draghi has worked his magic once again, but in June he won?t be able to keep silent any longer. Whatever he decides, Europe's future is in his hands.
