LONDON -- European Central Bank President Christine Lagarde painted an optimistic picture for the eurozone economy, in a recent interview with Nikkei, saying that inflation in Europe was moderating and that the bank is committed to reaching its medium-term target of 2% inflation. She also downplayed the risk of a recession and called for supervision of banks to be "intrusive and as granular as possible," to minimize risks emanating from the financial industry.
Edited excerpts from the interview follow.
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