Euro area real GDP increased by 0.5%, quarter on quarter, in the first quarter of 2016, after 0.3% in the last quarter of 2015. Growth continues to be supported by domestic demand, while being dampened by weak exports.
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The President of the ECB, in an interview with “Bild” said that “Greece has implemented many reforms in the past few months and is committed to the path of reform”.
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DRAGHI: The policy challenges we face are fourfold. They relate to: the global environment; the situation of the financial system; the economic and fiscal policies of Member States; and the political uncertainty surrounding the European project.
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“One driver of the economy, which still hasn’t deployed its effect, is the probable increasing government expenditure to cope with the refugees,” , said ECB president Mario Draghi during the World Economic Forum Annual Meeting.
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President of the Hellenic Republic, Prokopis Pavlopoulos met with ECB president Mario Draghi in Frankfurt. Discussions focused on Greece’s economic adjustment programme.
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In an interview yesterday [Oct 31] with newspaper Il Sole 24 Ore, ECB president Mario Draghi referred to key economic developments in Europe and internationally, whilst he did argued on Greece’s national debt. Key parts of the interview, based on a translation published on ECB website have as follows:
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