Draghi: Eurozone in recovery, but not for complacency – The Messenger

Eurozone economic situation is “recovering steadily.” He said the ECB president, Mario Draghi, during a speech in Frankfurt to Sz Finance Day 2015. “We can be optimistic about the prospects,” added the number one of the ECB, sottolinenado But soon after: “We must continue to push on reforms , we can not rest on our laurels. “

” We are meeting – said Dragons – against the backdrop of an economic recovery in the euro area steadily. Most of the indicators suggest that a sustained recovery is taking hold. “

Draghi has therefore demonstrated that” confidence of businesses and consumers is increasing. Growth forecasts have been revised upwards. And the bank credit is improving on both the demand side chee offer. ” “These improvements reflect the union of several external and internal factors,” added the number one Eurotower which indicated the reasons in “commercial benefits for businesses and families resulting from the decline in oil prices,” in measures monetary policy adopted by the ECB since the middle of last year and in the “structural reforms that have been implemented successfully in various countries in recent years, which are beginning to produce results.”

“These effects seem destined to persist for some time, which means that we can justifiably be optimistic about the prospects. But – Draghi warned – this does not mean we
 rest on our laurels. Conversely, a nascent recovery offers us a window of opportunity with the conditions to pursue reforms that will make the euro area less fragile and vulnerable to shocks. “

An ultra-loose monetary policy is not a disincentive for eurozone countries to push ahead with reforms, then assured the president of the ECB, stressing that “monetary policy creates an incentive to make reforms.”

“The eurozone has a long road but not enough to put an end to all doubts about his future, ‘noted still Draghi, explaining that “you have to remove all these doubts that emerge every time there is a shock. And to do that we need to accelerate our process of economic convergence and institutional. “

” Our monetary policy is making this possible, creating favorable conditions. But now the countries should use this opportunity to make these improvements permanent, “stressed the ECB still number one.

” The euro was not created for creditors and debtors permanent “but” created with the expectation that each country would be able to stand alone, without the help of other perennial ‘countries, then observed Dragons.

The number one ECB finally stressed that “we need a convergence so that the Union can be sustainable: any economy must be able to meet the highest standards in terms of competitiveness, employment and growth. ” This imperative, he said, “has always been understood in principle in the eurozone, but it was not always put into practice, as we see with the differences in the euro area today.”