Mario Draghi
Mario Draghi
Mario Draghi OMRIis an Italian economist, manager and banker who succeeded Jean-Claude Trichet as the President of the European Central Bank on 1 November 2011...
ProfessionWorld Leader
Date of Birth3 September 1947
economy economy-and-economics indicate signs
There is a recovery, it's doubtless under way. There are signs that indicate that the economy is improving.
doomed examples failure follow french london model
The French protectionist model is doomed to failure. Better to follow the examples from London and Berlin.
economy shows signs
In Italy, after stagnating in 2005, the economy now shows some signs of recovery.
continues economic extent structural unresolved weighed
There is still uncertainty, however, about the extent and durability of the country's economic growth, which continues to be weighed down by unresolved structural problems.
euro-crisis pay-the-price benefits
If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers.
government euro-crisis independence
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
government investment infrastructure
In the European context tax rates are high and government expenditure is focused on current expenditure. A 'good' consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
differences broken break
Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.