Mario Draghi

Draghi’s patience snaps on euro as ECB threatens response


Stefan Riecher & Rainer Buergin

Mario Draghi’s patience with the euro has snapped.

“The strengthening of the exchange rate requires further monetary stimulus,” European Central Bank President Draghi told reporters in Washington on April 12. “That’s an important dimension for our price stability.”

ECB Raises Eurozone Growth Outlook

The Eurozone GDP is expected to grow 1.2% in 2014, European Central Bank President Mario Draghi announced Thursday.

At his monthly press conference in Frankfurt, the ECB's chief asserted that economic recovery is under way, even though it is not at the desired pace, Businessweek has reported.

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