Resumen de Europe's economic policy conundrum.

Lorenzo Bini Smaghi

• The author discusses the challenges and opportunities facing the Eurozone economy, citing the statement of Mario Draghi, president of the European Central Bank (ECB), at the yearly conference organized by the Federal Reserve. Draghi mentioned 3 main policy areas that need to be addressed including structural reforms to increase Europe's growth potential, boosting aggregate demand through concerted action at the European level, and making expansionary monetary policy to counter deflation risks.