The European Central Bank is ready to take fresh action when needed but its monetary policy cannot create real economic growth, which governments need to support with reforms, ECB President Mario Draghi said on Wednesday.
"In short, the ECB has been very active in responding to the crisis," Draghi told committees in the French lower house of parliament. "And we stand ready to act again when needed."
Draghi's comments reinforced his message on Tuesday, when he tried to douse expectations that the ECB could unwind its crisis-fighting policies after the U.S. Federal Reserve last week set out a plan to slow its bond-buying stimulus.