GO
Loading...

ECB's Draghi cautions against undue optimism

European Central Bank President Mario Draghi cautioned Wednesday against undue optimism for the euro zone economy, saying there still were significant risks of setbacks to the recovery.

Draghi said in an interview with the Swiss daily Neue Zuercher Zeitung that he is not too concerned about either inflation or deflation.


Mario Draghi
John Thys | AFP | Getty Images
Mario Draghi

"We do see encouraging signals and the first signs of an economic recovery in the euro zone, but it is still weak and uneven," Draghi said.

"All in all, the risk of setbacks is large. I would be very careful not to give an overly optimistic outlook."

Follow us on Twitter: @CNBCWorld

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Albert Essien, CEO of Ecobank, talks about the biggest challenges the bank faces, and investment opportunities in Africa.

  • Emma Hogan, Britain correspondent at The Economist, talks about the U.K. elections in terms of risks for markets, Scottish independence and the possibility of a hung parliament.

  • Advertising giant WPP is set to announce its full-year earnings next week. Thomas Singlehurst, head of European media equity research at Citi, discusses what to expect.