Draghi Says Investment Rebound Needs Reform and Stimulus
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Investment in the euro area’s economy will only return to pre-crisis levels if governments work with the European Central Bank to achieve reforms and stimulate growth, ECB President Mario Draghi said.
“A decisive rise in investment is essential to bring inflation closer to where we would want to see it, to stimulate the economy, and to bring down unemployment,” Draghi said at an event in Milan late yesterday. “No monetary stimulus, indeed no fiscal stimulus, can be successful unless accompanied by the right structural policies -- policies that foster potential growth and instill confidence.”