ECB Draghi confident Europe will continue to make progress
FXstreet.com (Córdoba) - European Central Bank President Mario Draghi said that the darkest clouds have subsided in a speech Tuesday, affirming that we can begin 2013 on a more confident note.
Meanwhile, Draghi addressed two of the primary German concerns about the ECB's monetary policy, assuring that there was no reason to fear inflation and that the bank's policies reduced risks to the German taxpayer. "There is simply no evidence that could substantiate fears about any deviation from price stability", he said.
ECB President also noted that many countries are making 'solid progress' in public finances and he is confident Europe will continue to make progress.
Regarding ECB role, Draghi said the bank has shown its commitment to do what is necessary to safeguard the euro.
Meanwhile, Draghi addressed two of the primary German concerns about the ECB's monetary policy, assuring that there was no reason to fear inflation and that the bank's policies reduced risks to the German taxpayer. "There is simply no evidence that could substantiate fears about any deviation from price stability", he said.
ECB President also noted that many countries are making 'solid progress' in public finances and he is confident Europe will continue to make progress.
Regarding ECB role, Draghi said the bank has shown its commitment to do what is necessary to safeguard the euro.
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