Baku – APA-Economics. European Central Bank President Mario Draghi has said the worst of the eurozone crisis is over. In an interview with Germany’s Bild newspaper, he said the situation in Europe was "stabilising". Mr Draghi also said that some economic data, including inflation and budget deficits, showed that Europe was doing better than the United States. "The worst is over, but there are still risks. The situation is stabilising," the ECB chief said in his interview with Bild, APA reports quoting BBC. The latest figures for Europe’s most important economy, Germany, show that manufacturing activity shrank in March and new orders fell at the fastest pace so far this year.
That contributed to a sharp downturn for the whole eurozone, with the PMI index showing that business conditions deteriorated further in March.
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