European Central Bank President Draghi interview in Bild (German newspaper) - Bloomberg with the headlines
- Says investor confidence 'not fully restored'
- Low interest policy working, need patience
- Says high inflation in 90s ate up real income
- Rates will rise when economy grows again
- Underscores independence of ECB
- Says low inflation balances out low interest rates
- Says euro region reforms moving too slowly
- Says Germans have options other than passbooks
- ECB obeys laws, not politicians
- Would welcome debating low interest policy in Bundestag
- Britain will lose all benefits internal mkt if they leave
- Nationalism, isolationism on rise
- Greece needs economic growth most of all
- Urges German savers to change the way they invest
Well, that's nice. A special guest appearance on the terminals from Draghi during the Asian time zone!