The eurozone's periphery is healthier than it was, but deflation is looming and risks remain. Andrew Balls, deputy chief investment officer at Pimco, explains to John Authers why the ECB's Mario Draghi needs to act.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
