Governments should be looking to cut taxes as a fragile euro zone recovery begins to take hold, Mario Draghi, the president of the European Central Bank told an audience at the World Economic Forum.
In a wide-ranging speech, Draghi detailed what European countries should now be looking to achieve as the continent emerges from recession.
“Overall the outlook for structural reforms are by and large positive,” he said. “There is now a very diffused awareness of a need to do these reforms. It shows in polls, it shows in votes, it shows also unfortunately in a very high level of unemployment.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.