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European Banking Congress sees upbeat ECB chief | Business | DW.DE | 23.11.2012

European Central Bank President Mario Draghi on Friday expressed some optimism about the euro area's outlook amid promising signs of improvement in the region's two biggest economies, Germany and France.

He told a European Banking Congress in Frankfurt, Germany that a slow return to confidence in the eurozone was under way. His remarks came after a closely watched index saw German business confidence gaining a surprise win and a French survey pointing to industry leaders raising their expectations of economic developments over the next few months.

Draghi insisted financial markets had become more stable after the ECB's announcement it was prepared to relaunch its controversial bond-buying program to keep troubled nations' borrowing costs at bay.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Nov 23rd, 2012 at 03:31:44 PM EST
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