ECB Governor Mario Draghi's testimony before the European Parliament

European Central Bank (ECB) Governor Mario Draghi said Monday that the continued need to see the strength of the economic recovery reflected inflation in the region, saying that the economic recovery has recently gained more Of momentum and strength supported by improved local conditions.

Draghi also referred to the improvement in the labor market within the eurozone recently, but said that the eurozone economies still need some expansionary policy bicycles, while expressing that recent exchange rate fluctuations have created uncertainty and need to be monitored. Growing confidence in the ability of inflation pressures to rise to the ECB target.

In his testimony before the European Parliament, Draghi said that at the end of this year, the ECB's decisions on the degree of expansionary policy needed by the Euro-Zone economies will be made. Structural problems continue to hamper the sustainability of the economic recovery, adding that we need to be patient and insistent.