WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

EMU Economic Situation Improving but Fragile

Posted by Joseph Trevisani on Feb 18, 2013 11:58:00 AM

describe the image
     BRUSSELS (MNI) - Signs are pointing to an improvement in financial stability in the Eurozone and a pick-up in confidence, but the overall situation "remains fragile", European Central Bank President Mario Draghi said Monday.
     "We have to see [economic] growth," Draghi said at his quarterly hearing before European Parliament. "We have to see credit flows picking up" and spilling over into the real economy.
     Draghi reiterated that risks to the Eurozone's growth outlook were still on the downside, with unemployment high and credit demand low.
     The ECB president also stressed that market fragmentation remained "one of the major obstacles" of economic growth. "We have to continue working" to address this, he said.

--MNI Frankfurt Bureau

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!