Frankfurt, Germany â¢ European Central Bank head Mario Draghi insisted Thursday that the bankâs massive stimulus efforts are still needed even though the 19-country eurozoneâs economy is strengthening.
âThe recovery is progressing and now may be gaining momentum,â Draghi said in a speech at a conference at Frankfurtâs Goethe University.
He cautioned, however, that much of the improvement depended on the ECBâs monetary stimulus efforts and that it was âtoo soon to declare success.â
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