Wednesday , June 16 2021

President of the ECB: threats to the euro zone are rising, but the economy will continue to grow



In recent years, leading to the European economy, the ECB has gradually reduced its active purchasing program, while reducing the confidence of countries in the future of the financial system due to the slowdown in growth and the resulting global trade conflicts.

"Although some sectors and results of the studies have shown signs of weakening the economy, the latest information suggests that the economy of the eurozone and Ireland will continue to grow," Draghis told Dublin in the Irish parliament.

G. Draghis confirmed that the ECB will end its active purchase program by the end of the year, warning of threats that the central bank can not control.

"Protectionism in world trade is not a very serious threat, but trade conflicts undermine the confidence of countries and companies in the financial system," said Draghis, adding that one of the key threats in the euro zone is the current potential of Brekit without contract and financial concerns.

"Although there is still no evidence that real estate prices in the euro area are too high, we see some local threats. However, the leverage in the monetary policy of the eurozone is not appropriate to threaten these threats," said Draghis in Dublin.


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