Draghi Shifts Crisis Gear as ECB Focuses on Economy Inbox

European policy makers are shifting focus from a financial crisis to an economic-growth crisis.

“We are now back in a normal situation from a financial viewpoint, but we are not at all seeing an early and strong recovery,” European Central Bank President Mario Draghi said yesterday. Luxembourg Prime Minister Jean-Claude Juncker, who leads euro-area finance ministers, echoed that by saying, “the worst is over, but what we still have to do is difficult.”