You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

EU bank chief lauds progress on fiscal crisis

FRANKFURT — The president of the European Central Bank expressed satisfaction Thursday with efforts to resolve the eurozone crisis, saying that members of the currency area had made ‘‘amazing’’ progress toward reducing government spending.

While pessimistic about the immediate outlook for economic growth on the continent, Mario Draghi, the central bank president, pointed to indicators of reduced tension in financial markets, including a return of US money market funds to the region and successful bond sales by Portugal and Ireland.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week