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ECB's Draghi lobs ball back to governments on reforms

European Central Bank President Mario Draghi says the outlook for the eurozone is the brightest in sevene yearsThe economic skies above Europe are clearing after the long years of crisis and it is imperative that governments take advantage of this to get their economies in order, European Central Bank president Mario Draghi said on Friday. “The economic outlook for the euro area is brighter today than it has been for seven long years,” Draghi told an economic forum in Sintra, Portugal. The ECB had played its part in laying the foundations for recovery by cutting interest rates to record lows and pumping unprecedented amounts of liquidity into the economy via a series of unconventional policy measures, Draghi said.

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