Why ECB president is still flooding the system with cheap money

While the eurozone is looking healthy, inflation remains subdued - and warning signs remain over the global economy

There was little in Mario Draghi's comments in Germany on Wednesday to indicate that the European Central Bank plans to stop pumping cheap money in to the eurozone anytime soon.

Some expected him to use the platform of a speech to a gathering of Nobel economics laureates and students to say that a long period of growth across the 19-member currency bloc warranted a reduction in the ECB's quantitative easing stimulus programme.