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The crisis has not been overcome, but there are many encouraging signs. The economy is recovering in many countries, the imbalances in European trade… - Mario Draghi
" "The crisis has not been overcome, but there are many encouraging signs. The economy is recovering in many countries, the imbalances in European trade are declining and the budget deficits in the monetary union are falling.
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About Mario Draghi
Mario Draghi (Italian pronunciation: [ˈmaːrjo ˈdraːɡi]; born 3 September 1947) is an Italian banker and economist who succeeded Jean-Claude Trichet as the President of the European Central Bank on 1 November 2011. He was previously the governor of the Bank of Italy from January 2006 until October 2011. He played a major role in Italy's response to the Great Recession and the European Union's response to the European debt crisis. In 2013 Forbes nominated Draghi 9th most powerful person in the world. He was later appointed Prime Minister of Italy in charge of a government of national unity during the COVID-19 pandemic in 2021, but resigned in 2022 after a vote of confidence failed to pass by an absolute majority.
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Additional quotes by Mario Draghi
One needs a complex package of policies and, as we always stress, structural reforms come first, because many of the problems of the euro area are structural. And I'm sure that's also the biggest fear for the Governing Council as a whole. We discussed the possibility of negative deposit rates, but our objective is maintaining price stability.
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