ECB can now focus anew on euro-area economy

Zurich

MARIO Draghi can take a break from being a full-time Greek crisis firefighter and get back to the job of fostering economic recovery across the euro area.

Although the 19-nation currency bloc has avoided losing a member and the market upheaval that might have entailed, reports this week will probably show the economy is hardly firing on all cylinders. Three years after Mr Draghi promised to do "whatever it takes" to keep the union together, the European Central Bank (ECB) has its work cut out to speed up the pace of growth and inflation.