ECB's Draghi: Talk of 'exit strategy' premature * *PIC*

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ECB's Draghi: Talk of 'exit strategy' premature (by Kim Hjelmgaard)

LONDON (MarketWatch) -- European Central Bank President Mario Draghi said Wednesday in his monthly news conference that governments in the euro zone needed to meet their responsibilities for ensuring sound structural reforms and fiscal positions, and that these were essential for economic growth. He also said that while funding conditions for banks in the region had generally improved, it was now necessary for financial institutions to strengthen their resilience further. Draghi said that any talk of an "exit strategy" in terms of ECB monetary policy is premature. Draghi said that inflation in the euro area is expected to stay above 2% in 2012.

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ECB's Draghi: Talk of 'exit strategy' premature * *PIC*

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