Draghi Policies Blunted in Berlin as German Protests Grow

Mario Draghi’s policy tools are being blunted in Berlin.

The European Central Bank president has stopped short of large-scale sovereign-bond purchases as efforts to mollify Germany’s political elite do little to silence criticism of his ever-more expansionary measures. Support for anti-euro groups such as Alternative for Germany has risen and the ECB’s latest plan to buy assets sparked an outcry within all major parties.