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We have not reversed most of the key structural reforms of previous years.
The rationale behind many of the key structural reforms has not been explained well, either to the Greek public or to economists trying to understand them.
The UK's vote to leave the EU was mentioned only briefly, with Draghi commenting: "The economic recovery in the euro area is expected to be dampened by still subdued foreign demand, partly related to the uncertainties following the UK referendum outcome, the necessary balance sheet adjustments in a number of sectors and a sluggish pace of implementation of structural reforms".
However, economic growth in the euro area is expected to be dampened by a sluggish pace of implementation of structural reforms and remaining balance sheet adjustments in a number of sectors.
"We have to improve the surveillance of implementation of structural reforms," he said.
Implementation of such structural reforms is difficult, however, for at least two conceptually different reasons.
But in the longer run, the government's recent string of failures matter enormously if they serve as early warning signs of deficiencies in the implementation of its structural reforms.
Searching for a middle ground could prove a futile task unless Prime Minister Alexis Tsipras begins to demonstrate fiscal responsibility and the earnest implementation of overdue structural reforms, particularly in the public sector.
However, throughout most of Sub-Saharan Africa, implementation of structural reforms needed to ensure the financial viability of government-owned utilities has been slow.
It saw "uneven implementation of structural reforms across different regions and levels of development as the biggest challenge to sustaining global growth".
"Other downside risks include the possibility of weaker-than-expected domestic and global demand and insufficient implementation of structural reforms in euro area countries".
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