Draghi: Europe faces challenging times but reasons to be cheerful
- If necessary reforms are made, reason to be positive
- Growth based on price stability
- Euro’s foundations are strengthening
- Governments implementing policy reforms, ECB providing price stability
- OMT program has removed unfounded euro fears, eased market concerns
- Bond program can only build a bridge
- Govts must use upturn to strengthen reforms; key challenge
- Deficits falling in euro area nations, competitiveness improving