Mario Draghi, Head of ECB Says Eurozone is Going Through an Economic Recovery
On Monday, Mario Draghi, the head of the European Central Bank said that persistent recovery in the financial sector is finally coming in the eurozone which constitutes of nineteen countries. He says that this recovery should be used by the entire union using the euro currency to fix all the problems that it is facing.
During a speech in Frankfurt at a financial forum Draghi said that "most indicators suggest a sustained recovery is taking hold" with confidence growing among the as consumers as well as the businesses and the banks are becoming further willing to provide loans.
Draghi also said that the recovery resulted somewhat from the cheaper prices of oil too along with the stimulus policies of the central bank of the shared currency zone.
On Monday the head of the central bank said that the member nations must put the breathing space given to them to good use as the central bank tries to make things better with its stimulus efforts.
According to him, the countries are required to go through strong structural reforms which will allow them to make the economic policies more congenial for businesses and growth.
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