Draghi speech: The Council doesn't want to underplay risks

Eren Sengezer FXStreet

Mario Draghi, President of the ECB, is responding to questions from the press, providing the key quotes, via Reuters, found below.

Assessment of the Council: doesn't want to underplay risks.
Softer patch is foreseen to extend into 2nd quarter in some countries.
Volatility in Italy is one risk and is less than it was 2 weeks ago.
We expect positive surprises in growth from fiscal expansion in the eurozone.

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About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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