European Central Bank President Mario Draghi said the bank has "completed as much as it can" to stabilize the European economy in trouble, and now it is the Governments to reform their economies.
Draghi urged politicians to streamline excessive labor market regulations, resulting in a high level of youth unemployment.
He said in a speech Wednesday to French parliamentarians, government "must do everything we can" to increase the growth potential to make their economies more competitive.
So far, the ECB has lowered its key interest rate to a record low of 0.5%, providing unlimited cheap loans to banks and outlines the debtor government bonds purchase program. Analysts said the bank may cut interest rates again, sometime this year.



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