Draghi claims euro progress

SPEAKING at Harvard University, European Central Bank president Mario Draghi last night painted a rosy picture for the single currency.

Referring to the progress seen in peripheral Eurozone countries as “staggering”, he added that some in the US “underestimated the depth of Europeans’ commitment to the euro”. Draghi also insisted that more co-ordinated fiscal policy across the countries in the euro area did not imply a loss of sovereignty for national governments.