ECB Resisting Calls to Cheapen Euro as Currency War Rages

``Central banks around the world are trying to cheapen their currencies in order to boost their economies. This is making the euro more expensive and endangering the recovery of Europe's stricken economies. But the European Central Bank is resisting growing calls to join in the currency war. '' -- Are promises of "doing whatever it takes" accommodation-wise enough when you have more concrete actions from the Fed and Japan?