Eurozone growth is returning, European Central Bank President Mario Draghi said at an event in New York late Thursday.
“The progress achieved over the past three years to stabilize and strengthen the euro area is real,” he said. “Growth is returning.”
“The way forward is well identified. And we will not rest until our monetary union is complete,” he added.
The ECB is currently buying EUR 60 billion bonds a month to boost prices. Nonetheless, the currency bloc experienced deflation in September for the first time in six months.
According to Draghi, further integration in the union is necessary to extract all the economies of scale and scope that the union brings.
The research group Atlantic Council honored Draghi with the Global Citizen Award on Thursday.
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