Draghi: Eurozone is in recession, unemployment worst … – The Messenger

The eurozone is in recession and there is no risk of deflation. This ensures the ECB president, Mario Draghi, on the radio Europe 1 “Across the Eurozone do not see the risks of deflation but inflation very low for a long time,” said Draghi reiterated that the entire euro area “is not in recession,” but “the recovery is modest, weak and fragile.”

Unemployment Draghi, never ceases to raise with measures to promote growth in the euro zone. He has proven time and again, with the moves Eurotower that, at the last meeting of the Governing Council has cut interest rates, bringing them to a record low. Draghi has repeatedly stated that it will abandon the euro zone to its fate remembering that the accommodative policy of the ECB will remain so for a long time. The goal is to trace the inflation of around 2%.

“The monetary policy will remain accommodative for a long time and I can tell you that the executive is unanimous commitment to using the tools at its disposal to bring inflation just below 2%, “Draghi said pointing to the fact that the main danger for the euro zone economy is unemployment. In any case, Draghi said that monetary policy alone can not produce growth. We need more elements in the light of the fact that the economic recovery in the EU is losing momentum.

 24 September 2014 10:37 – Last Updated: 12:32

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