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Mario Draghi has made the right call for the eurozone

The ECB president is right to ease stimulus gently—the European economy still needs some help

By Vicky Pryce  

Mario Draghi, President of the European Central Bank. Photo: Wiktor Dabkowski/DPA/PA Images

The European economy is currently growing at a rate that hasn’t been seen for many years. Eurozone GDP grew by 0.6 per cent in the third quarter after a revised 0.7 per cent in Q2, and by 2.5 per cent over the last year. This is the fastest annual rate since 2011. Annual GDP growth in the European Union averaged 1.72 per cent from 1996 until 2017, so current figures look very positive indeed.

In recent months…

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