Summary Box: ECB faces weak economy, protests
By
The Associated Press
May 2, 2012
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BANK SHEATHES WEAPONS: With inflation higher than desired, the European Central Bank isn't expected to make a big move like cutting interest rates, buying bonds or offering low rates on loans when its policymakers meet Thursday in Barcelona, Spain.
TIME FOR NATIONAL ACTIONS: That puts more pressure on European countries to agree on a "growth compact," as bank president Mario Draghi has called for, and to fix their budgets and cut burdensome regulation.
HIGH SECURITY: At the heart of Europe's debt crisis, with nearly 25 percent unemployment and a stumbling housing market, Spain is tightening its borders to keep violence-minded protesters away from the conferees.
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