European markets declined early in the session, reflecting the unexpected news out of Japan whose GDP fell 1,60% in the 3rd quarter. The European indices recovered from early losses and ended higher.
Mario Draghi presented to European legislators a list of political resolutions for 2015, and mentioned that an expanded purchase program to stimulate the economy could include government bonds. The President of the European Central Bank used his testimony from the last quarter of 2014 calling on the European Parliament to political action that complements monetary policy, insisting that his institution alone can not fix the economy of the region.
In Brussels, the foreign ministers gathered to discuss the situation in Ukraine and the position of the European Union on Russia. During the G20 meeting this weekend week, the President of Russia abandoned this event, showing the gap between this country and the West.