Eurozone inflation is
proving weaker than December forecasts, European Central Bank
President Mario Draghi said Monday.
"Conditions have changed since December," Draghi told the
European Parliament.
Internal demand is driving a moderate recovery, but
uncertainties over emerging economies, market volatility, and
geopolitical risks may drive prices lower, he said.
"European cohesion is being tested," he added. The EU
faces challenges that "require a strong European response,"
Draghi said.
"There is still political uncertainty over the European
project," he went on. "A solution firmly anchoring Great Britain
to the EU, while at the same time allowing the eurozone to
integrate further, would help shore up confidence," Draghi told
MEPs.
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