Draghi upbeat on Eurozone economy
Draghi upbeat on Eurozone economy. European Central Bank President Mario Draghi said Monday that an economic recovery is taking hold in the eurozone thanks in part to the bank's stimulus moves, and he urged governments to use the brighter outlook to advance reforms that would improve the region's long-term growth prospects. The current upturn in economic conditions, which the ECB has helped to generate, must be used, Mr. Draghi said, echoing a more upbeat tone in his recent comments on the European economy. Draghi also called on Europe's leaders to make a quantum leap toward greater sharing of national sovereignty to strengthen the rules governing the 19-member currency bloc. Most indicators suggest a sustained recovery is taking hold... Confidence among firms and consumers is rising. Growth forecasts have been revised upwards. And bank lending is improving on both the demand and supply sides. Read the full article: (VIEW LINK)
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise