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- ECB President Draghi: “Bank lending in the EMU is stabilizing”
ECB President Draghi: “Bank lending in the EMU is stabilizing”
Doomsday projections were always exaggerated
LTROs were key for sentiment improvement
LTROs designed to prevent credit crunch
LTROs will help SMEs to get loans
ECB is managing risks carefully
No sign of inflation above the monetary objective
Need to tackle underlying imbalances
Have the necessary tools to achieve price stability
Sees positive developments in Italy and to some extent Spain
Trust that reforms will be implemented across EMU
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