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Draghi calls for 'good' form of bank deleveraging
Says recovery contingent on pursuing policies that led to 'return in confidence'
![Mario Draghi Mario Draghi](/sites/default/files/styles/landscape_750_463/public/import/IMG/289/282289/mario-draghi-bw.jpg.webp?h=909f5a59&itok=YcLubcQM)
Eurozone recovery is conditional on "pursuing the very policies that have brought about the return of confidence", including growth-friendly fiscal consolidation, structural reforms and a committed monetary policy, European Central Bank (ECB) president Mario Draghi said in a speech in Vienna yesterday.
Draghi called for a "good" form of bank deleveraging, where equity is built up, deposits rise and balance sheet reduction takes the form of swift asset clean-up, rather than a slow scaling back of
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