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- European Central Bank President Mario Draghi: the economic growth in the Eurozone “is gaining momentum”
European Central Bank President Mario Draghi: the economic growth in the Eurozone “is gaining momentum”
The European Central Bank (ECB) President Mario Draghi told the European Parliament in Brussels on Monday that the economic growth in the Eurozone "is gaining momentum" due to in particular falling oil prices, higher external demand, easy financing conditions and a weaker euro.
Draghi noted that the central bank monitors closely any potential risks to financial stability in the Eurozone, and added that "currently these risks are contained".
The ECB president pointed out that consumer inflation in the Eurozone will remain very low or might decline below zero due to falling oil prices. Inflation is expected to rise towards the end of the year, he said.
Draghi pointed out that the pace of bond purchases is "on track", and there are no signs that there will not be enough bonds to purchase.
He also said that Greece and its lenders should continue bailout talks. Draghi believes that talks will be successful.
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