ECB's Draghi says money printing will help recovery

ROME 

European Central Bank (ECB) President Mario Draghi arrives at a meeting of the European Parliament's Economic and Monetary Affairs Committee in Brussels March 23, 2015.

Credit: Reuters/Yves Herman

(Reuters) - Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect.
"Monetary policy is reinforcing the cyclical recovery. I insist in saying 'cyclical' because this recovery is not structural", he said, in a reference to long-term problems such as unemployment that remain.
Draghi told lawmakers in Italy's parliament that recent data "are
comforting about the contribution that monetary policy is supplying to reinforce the cyclical recovery".
(Reporting By Gavin Jones; writing by John O'Donnell; editing by Paul Carrel)