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ECB's Draghi: Eurozone credit conditions improving slightly

FXStreet (Łódź) - During the Q&A part of the press conference Mario Draghi says that a very modest improvement in Eurozone credit conditions is becoming apparent.

• He also answers a question on the topic of the Portuguese Banco Espirito Santo's recent problems saying that the ECB had no supervisory responsibility over the institution.

• The bank's problem was identified thanks to ECB/Troika's better standards of supervision.

• AQR and stress tests may have caused contraction in credit flows.

• Some member states should give priority to productive investment.

USD/CAD breaks above 1.1000

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