ECB Draghi Calls For Tax Cuts To Spur Recovery

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.”


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu