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ECB's Draghi: New measures won't work if not accompanied by structural reforms

FXStreet (Łódź) - ECB head explains that the new the measures were taken in order to counter the damaging effects of keeping rates at low levels for an extended period of time.

• Draghi refuses to answer how much the ECB would like to expand its balance sheet.

• The ECB's mandate is to bring inflation close to 2%, he stresses.

• Draghi also emphasizes that measures won't work without actions from national governments, implementation of structural reforms.

• "Problems are not only structural. Unemployment is high. Unutilized capacity is sizeable. There is a need for demand policies."

• Italy's govenment to balme for the country's problems.

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