ECB's Draghi Begins Monthly Press Conference

Inflation to Remain Above 2% Throughout 2012
Inflation Should Decline Below 2% in the Course of 2013
Underlying Pace of Monetary Expansion Remains Subdued
Inflation to Remain in Line with Price Stability in Mid-Term
Inflation Expectations Remain Firmly Anchored
Economic Growth in the Euro Zone to Remain Weak
Fincl Market Confidence Has Visibly Improved Following OMT Decision
Monetary Policy Stance Supports Growth
Balance Sheet Adjustment, High Uncertainty Still Weigh on Econ Outlook
Govts Must Forcefully Reduce Fiscal, Structural Imbalances
Govts Must Proceed with Fincl Sector Restructuring
ECB Committed to Ensuring Transmission of Mon Policy to Economy
Firmly Commited to Singleness of Monetary Policy
We Are Ready to Undertake OMTs


Indicators Signal Weak Activity in 2H 2012
Recent Survey Evidence Does not Signal Econ Improvements
Growth Momentum Expected to Remain Weak Next Year
Uneven Global Recovery to Hinder Growth Outlook
Risks to Economic Outlook Remain on the Downside
Inflation to Fall Below 2% in the Course of Next Year
Balance Sheet Adjustment to Hamper Growth
Inflation Could Remain at Elevated Levels
Inflation to Fall Below 2% in the Course of Next Year
Underlying Price Pressures Should Remain Moderate
Currently High Inflation Should Remain Transitory
To Closely Monitor Price, Wage, Cost Developments
Upside CPI Risks Relate to Higher Indirect Taxes
Main Downside Inflation Risk Relates To Weaker Growth
Crisis Intensification A Downside Risk To Inflation
We Have Observed Strengthening in Deposit Base of Banks in Some Stressed Countries
Subdued Loan Growth Reflects Weak GDP Outlook, Heightened Risk Aversion
Subdued Loan Growth Reflects Balance Sheet Adjustment
Balance Sheet Adjustment Weighs On Credit Demand
Segmentation of Fincl Mkts Restricts Credit Supply in Some Countries
Essential that Banks Continue To Strengthen Resilience
Structural Reforms Are Crucial to Boost Growth Potential
Visible Progress is Being Made in Correction of Unit Labor Costs
Clear Evidence that Fiscal Consolidation is Bearing Fruit
Crucial that Efforts Maintained to Restore Sound Fiscal Conditions