Published: 24/09/2014
“The Eurozone recovery is weak, small, fragile and uneven, but we are not in recession” . This was underlined by the president of the ECB Mario Draghi in an interview with the French Europe1, reiterating that “ does not see the risks of deflation, but inflation too weak and too long” .
Draghi stressed then as “ the biggest enemy of Europe is unemployment” also the result of “a widespread lack of confidence the future, a lack of trust between the Member States,” against whom “all we have to fight. ” And “the best answer to the lack of hope for millions of unemployed – he added – is implement structural reforms , do the right policies” and at that point “monetary policy will do its job.” Why, he concluded, “monetary policy alone can not produce growth, serve other components,” especially the “structural reforms”.
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