Euro zone recovery to continue thanks to ECB stimulus: Draghi

November 28, 2016 9:15 AM EST

European Central Bank (ECB) President Mario Draghi addresses the European Parliament in Strasbourg, France, during a debate on the ECB annual report for 2015, November 21, 2016 . REUTERS/Vincent Kessler


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FRANKFURT (Reuters) - The euro zone recovery has withstood economic and political uncertainty and its recovery expected to continue, partly thanks to the European Central Bank's monetary stimulus, ECB President Mario Draghi said on Monday.

"The euro area economy continues to expand at a moderate but steady pace, despite the adverse effects of global economic and political uncertainty," Draghi told an EU Parliament committee.

"This gradual upward trend is expected to continue, not least owing to our monetary policy measures."

(Reporting By Francesco Canepa; editing by Balazs Koranyi)



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