ECB President predicts recovery

ECB President predicts recovery - ảnh 1


(VOVworld)- The European Central Bank stands ready to "intervene" again if necessary to preserve the euro's stability. ECB President Mario Draghi said Friday, in a reference to the "unconventional means" the ECB has pledged to use. In September, Mr. Draghi announced that the central bank could buy a potentially unlimited quantity of the bonds of struggling euro-zone governments, under strict conditions. Speaking in a live interview with French radio Europe 1, Mr. Draghi said that the euro zone isn't yet out of the crisis and that the first signs of its economic recovery won't show until the second half of next year. IN related news, German lawmakers on Friday approved a rescue package of 43.7 billion euros from EU and the IMF for Greece aiming to prevent Athens from bankruptcy.

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