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"We have to improve the surveillance of implementation of structural reforms," he said.
Other downside risks include higher commodity prices, weaker than expected domestic demand and export growth, and slow or insufficient implementation of structural reforms in euro area countries".
"The risks include the possibility of even weaker than expected domestic demand and slow or insufficient implementation of structural reforms in the euro area," Mr. Draghi said.
After all, the loss of competitiveness that led to large external deficits remains largely unaddressed, while adverse demographic trends, weak productivity gains, and slow implementation of structural reforms depress potential growth.
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".
Tsipras now faces an immense task if he is to oversee further fiscal adjustment and the implementation of structural reforms in a country that socially and economically has been brought to its knees by its own failings and those of its lenders.
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Fine-tuning should go hand in hand with speedier implementation of structural reform in order to release the full potential of growth and lead the market to confidence".
Faced with these challenges, health systems, especially in the case of Catalonia, are challenged to take decisions on how best to approach the implementation of structural reform designed to facilitate the necessary economic and fiscal sustainability in the service of fresh and innovative health policies and patient-centred care within a system marked by excellence and equity.
Moscovici agreed that Europe does need "structural reforms", adding: We are not afraid of structural reforms in France.
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.
Implementation of such structural reforms is difficult, however, for at least two conceptually different reasons.
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