Getting your player ready...
The ECB looks ready to shed its image as too timid to save the euro.
Under the leadership of its new president, Mario Draghi of Italy, in office just over a month, the ECB has signaled a desire to play a more active role in resolving Europe’s 2-year-old debt crisis.
The ECB will likely give European banks a boost this week by reducing its benchmark interest rate for the second time in five weeks. And many economists believe it is on the cusp of a much larger step aimed at preventing a global financial crisis — large-scale purchases of European government bonds.
