Lunedì, 22 Ottobre 2018
ROME

Draghi demands 'ambitious structural reforms' by governments

Rome, April 15 - European leaders must move more
quickly to establish a powerful structure to deal with bank
failures while protecting taxpayers, Mario Draghi said Monday.
The president of the European Central Bank said that a new
banking surveillance mechanism for members of the common
currency is a "first and important step".
But, he added in a speech to students in Amsterdam, it is
also crucial to have a banking supervisory structure that could
restructure or even close banks with serious problems that
threaten the entire system.
Draghi also warned that monetary policy by central banks
cannot resolve all economic problems and that governments must
also do their job with the correct policies.
That will involve "ambitious structural reforms", said
Draghi, noting that a lack of economic competitiveness is a
common problem among European economies now under financial
stress.

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