Mario Draghi
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Berlin – The euro countries have to make reforms in the future, “as part of a real economic union .” He says the ECB President Mario Draghi , in a speech in the German magazine Wirtschaftswoche, according to an advance.
“A monetary policy geared to price stability in the eurozone, can not react to shocks that affect only one country or region, “said Draghi. This requires a stronger unity of economic policy. As a concrete example, ECB President cites the programmed union of capital markets , which must be quickly brought forward.
“When the lack of reforms leads to permanent differences within the monetary union, you come to the spectrum of the output of a country, and this eventually suffer all member countries, “added the president of the ECB. “If the economic union obliges governments to make reforms, makes it credible that the member countries can really, through growth, overcome their debts.”
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