Explore popular quotes and sayings by an Italian politician Mario Draghi.
Last updated on November 17, 2024.
Mario Draghi is an Italian economist, banker, former professor, and civil servant who has served as prime minister of Italy since February 2021. He resigned from the office on 21 July 2022 and will remain as caretaker prime minister until a new leader is elected. Prior to his appointment as prime minister, he served as President of the European Central Bank (ECB) between 2011 and 2019. Draghi was also Chair of the Financial Stability Board between 2009 and 2011, and Governor of the Bank of Italy between 2006 and 2011.
There is no better protection against the euro crisis than successful structural reforms in southern Europe.
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.
I trust the people who are working with me. I delegate.
If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers.
In the European context tax rates are high and government expenditure is focused on current expenditure. A 'good' consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.
Productivity growth is the only possible way to achieve prosperity.
In Latin you say: "Repetita iuvant - to repeat is beneficial". The fewer changes made in a country, the more often I repeat my messages. And it works.
In the European context tax rates are high and government expenditure is focused on current expenditure. A "good" consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
We won't make the weak stronger by making the strong weaker, as a very wise man once said. That applies to the economy as well. If Germany were less competitive, the euro area as a whole would lose, because less could be produced then.
The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.