Governor of the European Central Bank - Mario Draghi declared in the context of his remarks before the Committee on Economic and Monetary Affairs of the European Parliament that the economic situation in the euro zone is expected to continue to improve gradually and with the support of the rising domestic demand.
Mr Draghi has pointed out that in spite of the steady continuation of the region’s unemployment rate is high, the inflation rate remained steady as well as continuing credit conditions in the landing, which has had a titanic impact in the process of economic recovery.
To find a safe way-out of this crisis, the European Central Bank keeps consensus on monetary policy for a longer period if necessary. The euro also fell to its lowest daily when Mr. Draghi re-stressed on expectations that interest rates stay at current levels Bank have or lower levels for a longer period .
The European Central Bank Governor emphasized on the importance of cash transactions to proceed with the program - which did not do at all - to prevent the worst - case scenario amid great challenges to price stability in the euro zone Draghi also added that the stability of the financial growth should occupy the top priority for the euro area.
Draghi acknowledges developments in the Portuguese economy and urged the country to move forward in the process of privatization. In regard to the third package to the bailout plan provided for Greece , Draghi declined to comment and said it is not right to comment on that in advance .