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.
by RTT Staff Writer
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