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Draghi to tell EU leaders to step up reforms

Unless there is change, boost from QE will be undermined, he fears

MR DRAGHI: Cannot wait for Europe's leaders to act before launching quantitative easing because the economic slowdown in the eurozone is so acute.


THE head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant eurozone.

As the central bank inches