Draghi says no risk of deflation, recession in eurozone

ECB head says inflation will remain low in long term

(ANSA) - Rome, September 24 - European Central Bank President Mario Draghi said Wednesday that he sees no risk of recession or deflation across the eurozone - but inflation will remain muted for an extended period. "The eurozone is not in recession but recovery is modest, weak and fragile," he said in an interview with Europe 1 radio. Italy, the eurozone's third largest economy, is in recession and in August reported deflation as the consumer price index slipped into negative territory.