More Draghi: Sees relative stabilisation of market conditions

Author: Gerry Davies | Category: News

Speaking at conference in Paris

  • ECB’s OMT plan addresses tail risks
  • Some banks in stressed countries regained mkt access
  • OMT alone is not responsible for stabilization
  • Euro-area reforms contributing to stabilization
  • Improving competitiveness is key
  • Euro area has made progress on internal imbalances
  • Spain and Portugal have had strong export growth
  • Some euro nations need to be more business friendly
  • Welcomes France’s recent focus on competitiveness
  • Reform painful in short-term but leads to prosperity
  • Removing doubts about euro’s future was necessary
  • Governments have made progress, work not finished yet

Bloomberg reporting.

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