ECB bond-buying will 'not be a cure'

The World Bank is the latest subscriber to the consensus that the eurozone will retain its status as one of the world economy’s laggards in 2015.

In its biannual Global Economic Prospects report published last week, the Washington-based bank projected that the global economy will expand by 3 percent this year, compared to an estimated 2.6 percent in 2014.

This is down from the 3.5 percent rate for 2015 it forecast last June, which the bank attributes to continued weakness in Euro...