“We have signs that fragmentation is being gradually repaired,” the ECB president said.
Still, Draghi “warned against declaring a quick end to the euro zone’s problems Thursday, saying that the economy wasn’t out of the woods yet and that the repair of the financial system still had a long way to run,” Dow Jones Newswires reported.
Draghi appeared to keep a modest bias toward an easier monetary policy, saying that “the risks surrounding the outlook for the euro area remain on the downside.”
He said that it was still too early to think about exiting from the ECB’s extraordinarily easy policy, because the economy remains too weak, according to the Dow Jones report. At the same time, he hailed the “considerable” improvement in financial-market conditions in recent months.
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