Curated Collections of the Most Useful Facts.

What's This?
Mario Draghi & The Debt Crisis

Mario Draghi & The Debt Crisis

Mario Draghi ( born 3 September 1947) is an Italian banker and economist who succeeded Jean-Claude Trichet as 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.

 

Curated by

Geordi Taylor

Geordi Taylor

54 Knowledge Cards

Views    970

Share     twitter share  

Curated Facts

“People are actually working on finding ways that the ESM could be used to recapitalize banks,” Draghi said. “The issue is not so much the use of ESM money to recapitalize banks but whether this could be done directly without having to go to governments.”
‘Big Pot’

With creditor countries including Germany and Finland insisting they must be consulted before such funds are deployed, Draghi said there is a risk that “we have a big pot of money but nobody can touch it.”

Article: Merkel’s Isolation Deep...
Source: Bloomberg

Apart from funding “there are two other issues that are now hampering credit flow, one is risk aversion” and “the second is lack of capital,” Draghi said. “We cannot do much about the two other reasons about the slowing in credit.”

Article: News From Bloomberg
Source: Businessweek

Italian Prime Minister Mario Monti and ECB President Mario Draghi pushed Germany to give up its opposition to direct euro- area aid for struggling banks. Monti further antagonized Germany by urging a roadmap to common borrowing.

Article: Merkel’s Isolation Deep...
Source: Bloomberg

European Central Bank President Mario Draghi said policy makers will keep focusing their crisis support on solvent euro area banks as he reiterated it’s not the ECB’s job to fix the cause of the region’s turmoil.

Article: News From Bloomberg
Source: Businessweek

The president of the European Central Bank (ECB) said it was of "utmost importance" for leaders to impose fiscal discipline but also to generate growth by "facilitating entrepreneurial activities, the start-up of new firms and job creation".

Article: ECB president Mario Dragh...
Source: Telegraph

However, Mario Draghi said that Europe's debt crisis means increased "downside risk" to growth.

Mr Draghi made the remarks after the bank left its key refinancing interest rate unchanged at 1%. He said economic activity "remains weak, with heightened uncertainty weighing on confidence".

Article: ECB chief Mario Draghi se...
Source: The Independent

The head of the European Central Bank is staying with his forecast for a gradual economic recovery this year in the 17 countries that use the euro.

Article: ECB chief Mario Draghi se...
Source: The Independent

1981-1991: Professor of international economics, University of Florence
1983: Counsellor to treasury minister
1984-1990: Executive director World Bank
1990: Consultant Bank of Italy
1991-2001: Director-general treasury ministry
2002: Joined Goldman Sachs as a partner
2002-2006: Deputy chairman Goldman SachsTrustee at the Princeton Institute for Advanced Study and also at the Brookings Institution, in Washington, D.C.
2006: Governor of Central Bank of Italy - He is a member of the Governing counsel and the General Counsel of the European Central Bank

Article: Biography for Mario Dragh...
Source: Silobreaker

Mario Draghi got off to a good start as president of the European Central Bank. Faced with a rapidly deteriorating situation in the eurozone, the Italian acted speedily late last autumn to head off what was threatening to be a serious credit crunch for Europe's banks.

Article: ECB chief Mario Draghi dr...
Source: The Guardian

FRANKFURT: European Central Bank President Mario Draghi said it was not up to the ECB to make up for other institutions' lack of action, suggesting that another long-term tranche of cheap loans was not on the cards for now.

Article: European Central Bank Pre...
Source: Economic Times
Player
feedback