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ECB chief says eurozone economy is stabilizing

03-14-2012 08:03 BJT

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The President of the European Central Bank Mario Draghi says the eurozone economy appears to be stabilizing.

Addressing a conference in Paris, Draghi said the eurozone’s performance in the global economy is good, but that continuous adjustment is needed. But he warned that if structural reforms are not followed through, it will be difficult to keep the eurozone intact.

European Central Bank (ECB) President Mario Draghi delivers a speech during the
"Competitiveness Challenge" meeting in Paris March 13, 2012.

He urged governments to act wisely to strengthen and enhance competitiveness and called on banks to continue holding back on salaries and cut dividends and bonuses.

European Central Bank (ECB) President Mario Draghi delivers a speech during the
"Competitiveness Challenge" meeting in Paris March 13, 2012.

The European Central Bank (ECB) President Mario Draghi checks papers during the
monthly news conference in Frankfurt March 8, 2012.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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