Mario Draghi quotes

Mario Draghi is an Italian economist and former President of the European Central Bank. Widely credited with helping to resolve the Eurozone crisis, he has played a crucial role in European and global economic policy. He also served as Prime Minister of Italy, guiding the country through challenging times. Here are 14 of his quotes:

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. (Mario Draghi)
... "the Continent's traditional social contract" - perhaps its major contribution to contemporary civilization - "is obsolete" and must be dismantled. View quote
Mario Draghi
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. View quote
Mario Draghi
I trust the people who are working with me. I delegate. View quote
Mario Draghi
There is no better protection against the euro crisis than successful structural reforms in southern Europe. View quote
Mario Draghi
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence. View quote
Mario Draghi
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. View quote
Mario Draghi
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough. View quote
Mario Draghi
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. View quote
Mario Draghi
The signals from the monetary analysis confirm the picture of subdued underlying price pressures in the euro area over the medium term. View quote
Mario Draghi
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. (Mario Draghi)
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. View quote
Mario Draghi
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. View quote
Mario Draghi
The appeal not to get vaccinated is a call to die substantially - you do not take vaccine, you get sick, you die - or you make die - you do not take vaccine, you get sick, you infect, he/she dies - this it is. View quote
Mario Draghi