ECB

Draghi: Now is time to face challenges to eurozone stability

Eurozone's economic recovery 'robust', and there is 'unabated growth momentum' ahead, so now is time to face remaining, underlying problems, ECB says.

Alistair Holloway

01.12.2017

The eurozone's economic recovery is "robust" and there is "unabated growth momentum" ahead, so now is the time to face the remaining, underlying problems, European Central Bank President Mario Draghi said on Friday.

Speaking in Frankfurt, he cited a rebound in world trade, the edging down of gross household debt, record employment and robust private consumption. The 19-nation euro area has had 18 consecutive quarters of economic growth and headwinds that had weighed "have now largely dissipated," he said.