Draghi: Europe recovery requires major reforms

ECB chief says member countries should use the breathing space given by stimulus efforts

A sustained economic recovery is finally arriving in the 19-country eurozone, European Central Bank head Mario Draghi said - a recovery he says must be used to complete the euro currency union and fix its problems for good.

Draghi said in a speech at a financial forum in Frankfurt that "most indicators suggest a sustained recovery is taking hold" as consumers and businesses grow more confident and banks become more willing to lend.