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BBC News - Eurozone leaders push for growth
Speaking to the European Parliament, Mr Draghi acknowledged that austerity in Europe - which has brought waves of protest in Greece, Spain and beyond - has curtailed growth without doing much to reduce fears that governments may be unable to repay their debts.

He said austerity - spending cuts and tax rises - "has been undertaken and is starting to reverberate its contraction effects, and we haven't seen the benefits".

"What is most present in my mind is to have a 'growth compact'," the ECB boss said.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Apr 25th, 2012 at 03:45:42 PM EST
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