DAVOS, Switzerland (AP) ? The President of the European Central Bank admits the renewed calm in the euro area's financial markets has yet to be reflected in the wider European economy.
Mario Draghi said Friday at the World Economic Forum that markets for stocks, bonds and bank credit have "a new, restored sense of tranquility."
But he added that "we don't see this being transmitted into the real economy yet."
Draghi said governments need to move on structural reforms to make their economies grow faster, which will help reduce government debt.
He said that once that's achieved, the stimulus from the ECB's low interest rates and easy credit to banks "should find its way through to the economy and we will see a recovery in the second half of the year."
Associated Pressbilly crystal oscars 2012 angelina jolie oscars chardon high school christopher plummer viola davis school shooting in ohio shooting at chardon high school
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন