Giovedì, 18 Ottobre 2018

Draghi warns of German slowdown, plays down inflation risks


Rome, November 7 - European Central Bank (ECB)
President Mario Draghi on Wednesday warned that Germany, the
eurozone economy's locomotive, is starting to feel the weight of
Europe's sovereign debt crisis.
Despite warning that Germany was showing signs of entering
a recession, Draghi also pointed to positive developments in the
eurozone crisis, saying that a collapse in the single-currency
project had been averted as many countries had made
'extraordinary progress' in implementing reforms necessary for
sustainable growth.
Playing down worries that the ECB's bond-buying actions may
stoke inflation in the eurozone Draghi, speaking in Frankfurt,
said, "Our actions do not generate inflation".
The ECB chief added that "inflation risks in the medium
term are currently very low," in part due to the situation of
"general weakness in the economy".

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