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Eurozone countries must push structural reforms: ECB chief

Thursday, October 2, 2014 - 22:42

[NAPLES] European Central Bank (ECB) chief Mario Draghi on Thursday urged governments to get their finances and economies in order to steer the eurozone back to growth.

The ECB's monetary policy "is focused on maintaining price stability over the medium term and its accommodative stance contributes to supporting economic activity," Draghi told a news conference after the ECB held its key interest rates at their current all-time lows.

"However, in order to strengthen investment activity, job creation and potential growth, other policy areas need to contribute decisively. In particular, the legislation and implementation of structural reforms clearly need to gain momentum in several countries," Draghi said. - AFP