ECB annual report strikes hopeful note at end of rough year

ECB governing council

The European Central Bank (ECB) yesterday published its annual report for 2012, recording a difficult year for the eurozone but also highlighting a number of policy successes.

Introducing the report, ECB president Mario Draghi noted "unfavourable" growth of –0.5% over the year, accelerating to –0.9% by the year end. Inflation meanwhile averaged 2.5%, above the ECB's 2% target but a slight reduction from 2011's 2.7%.

The sovereign debt crisis worsened in mid-2012, but Draghi said policy measures

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: