Wall Street Journal (September 5)
2014/ 09/ 06 by jd in Global News
“You can’t say Mario Draghi isn’t doing his part.” Trying to deliver another economic “miracle,” the European Central Bank (ECB) President lowered interest rates and increased the negative rate institutions pay on funds deposited with the ECB. “Too bad the politicians keep using Mr. Draghi as an excuse to dodge their responsibility to pass pro-growth reforms…. Europe’s main economic problem is a political class that doesn’t want to address the structural impediments to growth that have nothing to do with monetary policy.”
Tags: ECB, Europe, Excuse, Growth reforms, Interest rates, Mario Draghi, Monetary policy, Politicians, Responsibility, Structural impediments
