ECB's Draghi Looks for Help as Economic Risks Improve

The transcript discusses the European Central Bank's (ECB) policy measures and economic growth, highlighting Mario Draghi's optimistic tone despite no major policy changes. It covers the reduced risks to the European economy, the ECB's decision to remove urgency from its statements, and the German Finance Minister's call for an exit strategy. The transcript also addresses the ECB's reduction in bond purchases, which some consider tapering, and the resulting market reactions, including increased yields and euro trading.

What concerns did Draghi express regarding the European economy?

What does the term 'tapering' refer to in the context of ECB's monetary policy?