Draghi Says Too Early to Declare ECB Success as Growth Firms
- European Central Bank president speaks at Dutch parliament
- Recovery is broadening, but no sign of pick-up in wages
European Central Bank President Mario Draghi said the economic recovery has now evolved from being fragile and uneven, into a firming, broad based upswing. He spoke at a question and answer session with Dutch lawmakers in The Hague. (Source: Dutch House of Representatives webcast) (Source: Bloomberg)
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Mario Draghi said the European Central Bank’s stimulus hasn’t finished the job yet, even as he acknowledged that the region’s economy is getting stronger.
“The economic recovery has evolved from being fragile and uneven into a firming, broad-based upswing,” the ECB president said at the opening of a hearing at the Dutch Parliament in The Hague on Wednesday. “Nevertheless, it is too early to declare success.”