ECB cuts growth outlook for eurozone, holds rates

The President of the European Central Bank, ECB, Mario Draghi, speaks during a press conference in Frankfurt, central Germany, Thursday Dec. 6, 2012. The European Central Bank left rates unchanged at its meeting Thursday, and Mario Draghi gave little sign the bank was willing to add more stimulus. He said the bank had already done much to lower borrowing costs in heavily indebted countries that are struggling to grow. (AP Photo/dapd/ Alex Domanski)The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 percent to minus 0.3 percent.


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