Mario Draghi rebuffs German criticism

The Italian ECB president reminds Germany of its responsibilities, saying: 'Germany needs to remain an anchor of a strong currency, at the centre of a zone of monetary stability and in a dynamic and competitive euro area economy'.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
The European Central Bank President Mario Draghi has made his feelings towards Germany known. Some German politicians have criticised Draghi’s plan to resume government bond purchases to lower borrowing costs in countries such as Spain and Italy. But writing in the German newspaper Die Zeit, Draghi says it was justified for the bank to use ‘exceptional measures’ to keep the eurozone financially afloat.

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