Draghi reminds that EU treaty does not allow monetary financing

Note: This section contains information in English only.
Source: Marketwatch

On Thursday's conference in Frankfurt ECB President Mario Draghi was questioned why the bank does not expand its bond purchase program. Draghi reminded journalists that European Union accord forbids monetary financing. He also emphasized that key decisions and political obligations should be taken by European leaders. According to Draghi, ECB is ready to help banking sector to achieve liquidity but it will not exceed its rights beyond EU treaty. 

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