We expect the ECB to try to strike a balance between cautious optimism on the effectiveness of its measures on growth and inflation and its readiness to react to adverse shocks, draghi will probably try to sound more confident in the euro zone's economic recovery and the likelihood of a rise in inflation over time, emphasising that the ECB is in no hurry to contemplate additional policy easing at this stage.

Luigi Speranza

Categorized in : Business

Spain shows that reform is possible to create a growth environment and significant job creation, the return of growth could make it easier for Renzi to make reforms in Italy, and Hollande in France.

What worries me is that some of the factors behind the rebound are temporary, structural reforms could make that more sustainable and build confidence.