ECB says 2016 was best year since crisis

Frankfurt

THE European Central Bank (ECB) on Monday judged that it had a successful 2016, arguing in its annual report that it had warded off deflation and nurtured economic recovery in the eurozone.

"Though the year began shrouded in economic uncertainty, it ended with the economy on its firmest footing since the crisis," president Mario Draghi wrote in a foreword.