ECB president Draghi urges governments to spur growth

Mario Draghi has called on European governments to stimulate growth in the region, saying that the European Central Bank is not capable of shouldering the burden of recovery on its own.

In a statement given to MEPs on Monday, the president of the ECB once again asked for politicians to take on the responsibility of boosting the eurozone economy in the wake of Brexit.

The UK decided to leave the European Union after a referendum in June, and although the financial impact has not been as severe as expected thus far, many euro countries are still struggling.

"Actions by national governments are needed to unleash growth, reduce unemployment and empower individuals, while offering essential protections for the most vulnerable," Draghi said.

"Low rates are a symptom of the underlying economic situation," Draghi said. "Other policy actors need to do their part, pursuing fiscal and structural policies which will contribute to a self-sustaining recovery and increase the economic growth potential of the euro area," he added.

The chief of the ECB also reiterated his stance that Britain would not be allowed to have access to the free market when it eventually makes its exit from the EU.

Some of those who backed Brexit have maintained that the UK will still be able to benefit froma special deal that will allow access.

"Regardless of the type of relationship that emerges between the European Union and the United Kingdom, it is of utmost importance that the integrity of the single market is respected," he told MEPs.

"Any outcome should ensure that all participants are subject to the same rules."