The European Central Bank's bond-buying plan has lifted confidence in euro, ECB chief told German daily Sueddeutsche Zeitung.
President Mario Draghi said it has already shown positive results. Fund managers are bringing back their money into Europe, which is good for the Eurozone economy.
The ECB will buy bonds only if countries stick to conditions, he told the newspaper. There is considerable progress in Spain and Italy. Many economies are correcting their past wrong policies.
Draghi last week announced a new bond buying programme called outright monetary transactions, allowing the bank to purchase sovereign bonds in the secondary markets.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.