ECB and banks have it their own way

ECB and banks have it their own way

The new governor of the European Central Bank (ECB) Mario Draghi, nicknamed Super-Mario by commercial bankers probably because he is championing their interests, has introduced new ethics to the Eurozone’s monetary affairs.

Now, he’s going beyond that. On 24 February he warned “beleaguered Eurozone countries that there is no escape from tough austerity measures”, speaking in an interview with Wall Street Journal Europe.

This is a direct threat and major economi...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now