The European Central Bank has slashed its euro zone growth forecasts and warned that recession will drag on into the middle of next year, sending the euro plunging below €1.30 to the dollar.

Mario Draghi, the ECB’s president, said the governing council had discussed a cut in overnight deposit rate to below zero for the first time, and was “operationally ready” to do so if needed.
The comment sent the euro into a nosedive, Continue reading