After ECB President Mario Draghi’s statement as in a newspaper interview pushed the euro hard – and is now at its weakest level since June 2010 .
The euro weakened during Friday morning to 1: 2035 against the dollar, the weakest level since June 2010.
The Euro squeezed among other things, that the ECB president Mario Draghi expressed himself softly and said that the risk that the ECB will not succeed in its goal of price stability is higher now than it was six months ago.
“The risk that we do not achieve our mandate of price stability is higher than six months ago, “said ECB president Mario Draghi said in an interview with the German newspaper Handelsblatt, according to Reuters.
He urged politicians in the eurozone to implement the necessary reforms, reduce the tax burden and bureaucracy to support a “fragile and uneven” recovery.
He said that there is a limited risk of deflation in the euro area, but if inflation is too low for too long and lead to falling inflation expectations, the ECB will act to achieve its mandate.
“We are in the technical preparations for adjusting the size, pace and composition of our actions at the beginning of 2015, it would be necessary to respond to an excessively long period of low inflation. There is consensus in the Council on this, “said Mario Draghi.
He said the purchase of government bonds are among the tools that the ECB can use, but that one must avoid to fund countries, the ECB did not get.
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