Wednesday, August 29, 2012

Draghi tells Germans ECB action needed for stability



Published on Aug 29, 2012 by
http://www.euronews.com/ The European Central Bank has to use "exceptional measures" at times to meet its mandate of keeping inflation in check.

So said ECB President Mario Draghi in an opinion piece in German weekly Die Zeit.

He seemed to be trying to address German worries over the bank buying government bonds to stem the eurozone sovereign debt crisis.

German officials fear the ECB is in danger of being politicised and losing its independence.
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