© Dukascopy
|
- Mario Draghi, head of the ECB
The new head of the European Central Bank Mario Draghi hinted on Thursday that the bank is ready to take more decisive action if political leaders agree on tighter fiscal policy among member countries next week.
"A new fiscal compact would be the most important signal from euro area governments for embarking on a path of comprehensive deepening of economic integration. It would also present a clear trajectory for the future evolution of the euro area, thus framing expectations," said Mario Draghi in a speech to the European Parliament.
German Economy Minister Philipp Roesler categorically rejected an idea of joint euro bonds the same day. "We are not prepared to buy into changes to the (EU) treaty in exchange for rules that other European countries want, for example euro bonds," he said.