Draghi Vows to Avert Deflation in Europe

The transcript discusses the European Central Bank's (ECB) inflation target and the challenges it faces in achieving it, given the current low inflation rate. It explores the dynamics of recovery and reform in Europe, highlighting structural problems and the need for reforms in countries like Italy and France. The debate on the ECB's role and the reliance of governments on it is also covered. Speculation about potential rate hikes by 2017 is discussed, along with recent market volatility.

What are the main challenges mentioned regarding the ECB's ability to meet its inflation target?

How does the speaker view the relationship between recovery and reform in Europe?

What is the significance of the clash between Mr. Scheuber and Mr. Draghi as mentioned in the text?

What concerns are raised about the potential for a rate hike in the Eurozone by 2017?

How does the speaker describe the market volatility mentioned in the text?