Mario Draghi and ECB go to WAR with Germany over how to save crumbling Eurozone…(Toast!!)
THE European Central Bank (ECB) chief has again clashed with Germany over how to save the ailing eurozone economy.
By LANA CLEMENTS
Express.co.uk
Mon, Sep 26, 2016
Speaking to MEPs at the European Parliament today, ECB chief Mario Draghi defended his monetray policies amid recent criticism from German politicians.
German government figures blame low interest rates for hurting savers and fuelling discontent with Angela Merkels’ ruling party.
But Mr Drgahi today insisted that low interest rates have been “very effective”.
And the chief also sought to make clear low interest rates are not the ECB’s fault, but rather a “symptom” of low growth.
The Italian then heavily hinted that the responsibility of low growth lays at the feet of politicians.
He 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.”
The Rest…HERE
