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European Central Bank's Draghi Says Stimulus Still Needed

European Central Bank head Mario Draghi insisted Thursday that the bank's massive stimulus efforts are still needed even though the 19-country eurozone's economy is strengthening. "The recovery is progressing and now may be gaining momentum," Draghi said in a speech at a conference at Frankfurt's Goethe University. He cautioned, however, that much of the improvement depended on the ECB's monetary stimulus efforts and that it was "too soon to declare...

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