Draghi warns of strong euro

|By:, SA News Editor

Mario Draghi is warning that that euro zone recovery is at risk with a strong euro and highlighted that large-scale purchases of public and private debt do fall within the ECB's mandate to keep inflation low and stable.

EU growth has been facing a difficult time with the appreciated exchange rate threatening price stability. The euro came close to the $1.40 level in recent months from 1.20 against the dollar in mid-2012.

Draghi has also urged EU member states to implement tougher structural reforms to boost economic development.

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