Draghi says euro zone governments must do more

European Central Bank President Mario Draghi has called on politicians to help the bank's efforts to restore economic health to the region by accelerating reforms.

"There are many understandable political reasons to delay structural reform, but there are few, very few, good economic ones,” the ECB president said in a speech in Brussels today. “The cost of delay is simply too high.”

After more than four years of aggressive monetary easing and unprecedented stimulus measures, the ECB is stillfar short of its inflation goal and is facing growing criticism over the effectiveness of its policies and the financial stability risks they may create. Draghi’s comments reflect increasing concern that governments are undermining the central bank’s policies by holding back on reforms.