3/8/2013

Mario Draghi, president of the European Central Bank, has reiterated his stance that the eurozone's economic situation will improve, despite heightened concerns. "Later in 2013, economic activity should gradually recover, supported by a strengthening global backdrop and our accommodative monetary-policy stance," Draghi said. ECB officials have discussed lowering borrowing costs, but the "prevailing consensus was to leave the rates unchanged," Draghi said.

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