Arab Today, arab today ecbs draghi urges eu leaders to adopt deeper reforms
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

ECB's Draghi urges EU leaders to adopt deeper reforms

Arab Today, arab today

Arab Today, arab today ECB's Draghi urges EU leaders to adopt deeper reforms

European Central Bank (BCE) President Mario Draghi
Brussels - AFP

European Central Bank head Mario Draghi urged EU leaders on Thursday to embrace even deeper reforms and pull their weight in turning around the lacklustre European economy.

Draghi was speaking after talking to the EU's 28 leaders on the economy at a summit overshadowed by crucial talks with Turkey on solving the migrant talks.

"I made clear that... monetary policy has been really the only policy driving the recovery in the last few years, it cannot address some basic structural weaknesses of the (19-nation) eurozone economy," Draghi told reporters.

"For that, you need structural reforms mostly driven to raise the level of demand, public investments and lower taxes and even more importantly one needs clarity of the future of our European monetary union," he said.

The Italian central banker spoke a week after the ECB launched unprecedented measures to fight low inflation and boost the economy, including slashing already record low interest rates and an expansion of a controversial cash stimulus programme.

Draghi said he hoped his policies were "not a good excuse for us not to act".

Eurozone leaders have pledged to pursue policies to strengthen the single currency bloc after the damage caused by the debt crisis but progress so far is mixed and the economy continues to bump along.

"The economy is recovering albeit with a lower momentum... but risks remain on the downside and some of the risks are beginning to intensify," Draghi said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecbs draghi urges eu leaders to adopt deeper reforms Arab Today, arab today ecbs draghi urges eu leaders to adopt deeper reforms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecbs draghi urges eu leaders to adopt deeper reforms Arab Today, arab today ecbs draghi urges eu leaders to adopt deeper reforms

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday