‘The Euro is IRREVOCABLE’ Euro Bank chief fires warning at Le Pen over Frexit vote promise
THE head of the European Central Bank (ECB) declared the euro is “irrevocable” and “here to stay” in a tactical intervention ahead of the French election, amid fears the vote outcome could derail the union.
By LANA CLEMENTS
Express.co.uk
Thu, Mar 9, 2017
Mario Draghi laid down the gauntlet to anti-Brussels candidate Marine Le Pen by delivering an uncharacteristically passionate defence of the eurozone currency.
The ECB chief insisted the Front National leader was not a threat to the euro’s future, which he said was a measure of solidarity among members.
His comments come after Ms Le Pen’s promise to call a vote over France’s membership of the monetary union if she wins the election in May.
Market worries over the presidential race have increased as polls charted the rising popularity of the right-wing candidate, with France’s borrowing costs jumping, while the euro suffers sell-offs.
In an apparent shot at the right-wing candidate, Mr Draghi today dismissed fears of the break down of the currency as “unrealistic”.
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