QE might fail unless structural challenges are addressed – ECB’s Praet

FXStreet (Mumbai) - The European Central Bank’s (ECB) latest bond-purchasing program might fail without structural reforms in the bloc, the bank's Executive Board member Peter Praet said in a speech in London today.

Key Quotes:

"Indeed, perhaps the biggest risk we face with our new measures is that they fall on barren ground because governments are not doing enough to raise confidence in the future,"

"If governments are determined in addressing their structural challenges, all the conditions are there for growth to surprise on the upside,"

"If we take advantage of the window of opportunity that exists today, that possibility is there for the whole euro area."