Saturday, July 12, 2014





Draghi: Reforms needed for growth


February 20. 2013 3:34AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The President of the European Central Bank admits the renewed calm in the euro area's financial markets has yet to be reflected in the wider European economy.


Mario Draghi said Friday at the World Economic Forum that markets for stocks, bonds and bank credit have a new, restored sense of tranquility.


But he added that we don't see this being transmitted into the real economy yet.


Draghi said governments need to move on structural reforms to make their economies grow faster, which will help reduce government debt.


He said that once that's achieved, the stimulus from the ECB's low interest rates and easy credit to banks should find its way through to the economy and we will see a recovery in the second half of the year.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds