ECB's Draghi Addresses EU Parliament: Statement

The transcript covers the ECB's recent decisions on monetary policy, highlighting economic growth, inflation trends, and the labor market in the euro area. It discusses the ECB's strategy to reduce asset purchases and maintain interest rates, emphasizing the importance of a strong Economic and Monetary Union. The text also addresses the progress and challenges of the banking union, risk sharing, and financial stability, concluding with the need for strong institutions and sound governance to support economic prosperity.

What measures are necessary to strengthen the Economic and Monetary Union according to the speaker?

What role does risk sharing play in the context of the euro area banking sector?

What is the expected impact of the ECB's monetary policy measures on inflation and GDP growth?

How can the European Union support multilateralism and global trade?