Friday, September 30, 2016

Deutsche Bank, Easy Money, Stagnant Southern Economies: Hawks Are Circling Around Draghi

Draghi faces off against German critics

Grilled by German lawmakers, European Central Bank President Mario Draghi has been defending its ultra low interest rates and other stimulus measures, which he said were a necessity. Answering questions from the Bundestag’s European Affairs committee on Wednesday, he rejected claims that the ECB’s monetary policy was undermining eurozone growth, German bank profits and even fuelling…