The President of the ECB also spoke of a "very gradual" recovery for the economy of the euro area, which should take place in 2013, supported by the expansive policy of the ECB and by international demand.
The European Commission will present its proposal for the single crisis resolution mechanism for banks in the Eurozone later this month. This was stated by the president of the ECB, Mario Draghi, speaking at the International Monetary Conference underway in Shanghai.
Draghi also spoke of a "very gradual" recovery for the eurozone economy, which should take place in 2013, supported by the ECB's expansionary policy and by international demand.
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