Draghi Vows to Avert Deflation in Europe

The transcript discusses the European Central Bank's (ECB) inflation target and the challenges it faces in achieving it, given the current low inflation rate. It explores the dynamics of recovery and reform in Europe, highlighting structural problems and the need for reforms in countries like Italy and France. The debate on the ECB's role and the reliance of governments on it is also covered. Speculation about potential rate hikes by 2017 is discussed, along with recent market volatility.

What is the current inflation rate mentioned in the discussion about the ECB's target?

• 3%

• 1.5%

• 0.3%

• 2%

Which countries are urged to implement reforms according to the discussion?

• Germany and Spain

• Portugal and Greece

• Netherlands and Belgium

• Italy and France

What is a major issue for the Italian Prime Minister mentioned in the discussion?

• Education reforms

• Healthcare reforms

• Labor market reforms

• Tax reforms

By when does the ECB expect a potential rate hike, according to the discussion?

• 2017

• 2015

• 2018

• 2016

What is highlighted as a significant characteristic of the markets in the discussion?

• Decline

• Growth

• Stability

• Volatility