Draghi: "Monetary policy alone cannot overcome financial fragmentation"

FXStreet (London) - European Central Bank president Mario Draghi is currently addressing the European Parliament's Economic and Monetary Affairs Committee:

- "We still face situation where our very accommodative monetary policy does not sufficiently reach some final borrowers in euro area.

- "We have tasked relevant staff and committees with the timely preparation of further measures to be implemented, if needed.

- "Measures could include further changes to size and composition of Eurosystem balance sheet, if needed to achieve price stability

However, monetary policy alone cannot overcome financial fragmentation in the euro area"