Mario Draghi (Italian pronunciation: [ˈmaːrjo ˈdraːɡi]; born 3 September 1947) is an Italian banker and economist who succeeded Jean-Claude Trichet as the President of the European Central Bank on 1 November 2011. He was previously the governor of the Bank of Italy from January 2006 until October 2011. In 2013 Forbes nominated Draghi 9th most powerful person in the world.
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- In Greece, the position at the outset was particularly difficult, so now we have to be particularly patient with the country. That's no surprise.
- It is too early to assess the policies of the new German government. I can only say that the crisis has shown that the monetary union is incomplete and that the weaknesses need to be remedied. Germany helps the euro best by further strengthening its competitiveness and promoting growth.
- One needs a complex package of policies and, as we always stress, structural reforms come first, because many of the problems of the euro area are structural. And I'm sure that's also the biggest fear for the Governing Council as a whole. We discussed the possibility of negative deposit rates, but our objective is maintaining price stability.
- The crisis has not been overcome, but there are many encouraging signs. The economy is recovering in many countries, the imbalances in European trade are declining and the budget deficits in the monetary union are falling.
- The signals from the monetary analysis confirm the picture of subdued underlying price pressures in the euro area over the medium term.
- ... "the Continent's traditional social contract" - perhaps its major contribution to contemporary civilization - "is obsolete" and must be dismantled.