Draghi in Berlin Asks for Action to Reverse Long-Term Rate Slide
- ECB President says that reforms are required to boost growth
- Draghi cites evidence against claim policies worsen inequality
The European Headwinds Facing Draghi and the Euro
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Mario Draghi used his second appearance in Berlin in a month to drive home his message that a three-decade slide in long-term interest rates can only be properly arrested with the help of governments.
The “type of actions we need, if we want interest rates at higher levels, are those that can raise the natural rate,” the European Central Bank president said on Tuesday. “And this requires a focus on policies that can address the root causes of excess saving over investment -- in other words, fiscal and structural policies.”