Early comments from Draghi
- Fiscal policies should contribute to the economic recovery
- Without ECB mon pol measures the euro area would have been in outright deflation last year
- Growth prospects are slowly improving in advanced economies, outlook in EM's is more subdued
- ECB willing to do its share to ensure that recovery remains firmly on track
- There are risks that could materialise that could undermine its course
- Inflation dynamics are also tangibly weaker that we expected in December
These are comments from his initial statement to be read to parliament. They've been released on the ECB website
The live link to Drgahi is on EBS+ here
So that's from the annual report so the EU will now chew it all over and Draghi will appear in probably just under an hour.
