Mario Draghi, the ECB President, thinks that the European economy keeps recovering at a moderate pace and is rather stable.
Moreover, during his speech at the World Economic Forum in Davos, Switzerland Mario Draghi underlined that the Central Bank has plenty of tools to spur inflation. He mentioned that the central bank clearly sees signs of the economy recovering. A recovery rate is moderate but stable. The Head of the ECB is certain that it is too early to make conclusions regarding the world economy prospects as well as its worsening.
In his opinion the excessive migration from countries of North Africa and the Middle East will force the EU countries to increase budgetary costs. He is also confident that the EU countries will reach the consensus regarding the refugees acceptance quotas.
