Friday, January 25, 2013 5:41 am
Draghi: Reforms needed for growth
The Associated Press
Mario Draghi said Friday at the World Economic Forum that markets for stocks, bonds and bank credit have "a new, restored sense of tranquility."
But he added that "we don't see this being transmitted into the real economy yet."
Draghi said governments need to move on structural reforms to make their economies grow faster, which will help reduce government debt.
He said that once that's achieved, the stimulus from the ECB's low interest rates and easy credit to banks "should find its way through to the economy and we will see a recovery in the second half of the year."