ECB President Confident of Growth in the Second Half of 2013

Mario Draghi, ECB (European Central Bank) President, spoke on behalf of the eurozone financial crisis yesterday:

“He expressed confidence that indicators have turned positive and has left the ECB confident we would see growth in the second half,” Timothy Evans, chief market strategist at Long Leaf Trading in Chicago, said in an email. “He stated that inflationary pressures remained contained and also cited other factors including strong capital inflows into the euro area and a rise in deposits at banks in periphery countries that indicate potential growth in the second half.”

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