BY GEOFFREY T. SMITH
DAVOS, Switzerland—European Central Bank President Mario Draghi told the World Economic Forum on Friday that the ECB’s actions in December had averted financial disaster, and cited evidence of improvement in euro-zone markets in recent weeks.
But he didn’t take all of the credit. The new ECB chief said governments have made progress in repairing public finances, and praised European leaders for steps they have taken to enhance governance of the euro zone.
“We know, for sure, that we have avoided a major funding crisis,” Mr. Draghi said in a question-and-answer session.
He added that it was the ECB’s duty to …
BY GEOFFREY T. SMITH
DAVOS, Switzerland—European Central Bank President Mario Draghi told the World Economic Forum on Friday that the ECB’s actions in December had averted financial disaster, and cited evidence of improvement in euro-zone markets in recent weeks.
But he didn’t take all of the credit. The new ECB chief said governments have made progress in repairing public finances, and praised European leaders for steps they have taken to enhance governance of the euro zone.
“We know, for sure, that we have avoided a major funding crisis,” Mr. Draghi said in a question-and-answer session.
He added that it was the ECB’s duty to …
