Draghi: ECB Can't be Sanguine Over the Economic Outlook

Bloomberg Video

November 18 -- European Central Bank President Mario Draghi gives his outlook on the European economy in speech in Frankfurt. “Even if there are many encouraging trends in the euro-area economy, the recovery remains highly reliant on a constellation of financing conditions that, in turn, depend on continued monetary support.” Draghi added that policy makers “operate under a still significant degree of uncertainty” while the ECB “cannot be sanguine over the economic outlook” even as it has “every reason to be more confident in the strength of the recovery” than year ago.