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د/ إلهام 03-04-2014 11:05 AM

European Central Bank President : Eurozone exceeded the worst
 
Brussels ( dpa)
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Said Mario Draghi , head of the European Central Bank , on Monday , said that the euro zone has succeeded in avoiding the edge of a cliff in the wake of the global financial crisis that erupted in the fall of 2008.

He said in testimony before a hearing of the European Parliament in Brussels , " we can safely say that the worst has passed and now .. Valcop full until at least halfway ."

The area of ​​the single European currency , which includes 18 countries of the European Union , has faced the risk of collapse during the years 2011 and 2012 , which had two of the region's countries , namely Portugal, Ireland , to request loans, international rescue , at the same time, Italy and Spain have managed to avoid the same fate difficulty.

Draghi noted that the Italian citizenship to countries affected by the crisis, such as Greece has made " special efforts " to reduce the budget deficit , and restore its competitiveness , while armed with the euro zone itself stricter budget rules with a permanent bailout fund to deal with future crises .

At the same time warned the head of the European Central Bank that it was " too early to say that the mission has been completed ," in light of the continued high unemployment rate in the euro zone , and the continuing need for governments to pursue structural reforms .

بسنت 03-04-2014 03:05 PM

رد: European Central Bank President : Eurozone exceeded the worst
 
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