27 May 2014
ECB's Draghi: Financial stability necessary to keep price stability
Draghi stresses that the ECB's primary mandate is maintaining price stability but adds that financial stability is necessary for this.
• The Single Supervisory Mechanism will guarantee good supervision.
• The ECB head remarks that in the six years he served as head of Bank of Italy, he couldn't “think of a single conflict of interest between monpol and financial stability issues.”
• Draghi comments on the high youth unemployment in the EU: “When the crisis struck, young were the first to be fired as reforms created two classes of worker, flexibility only for youth.”
• He stresses the need for a solid education system, which “produces the right skills.”
• The Single Supervisory Mechanism will guarantee good supervision.
• The ECB head remarks that in the six years he served as head of Bank of Italy, he couldn't “think of a single conflict of interest between monpol and financial stability issues.”
• Draghi comments on the high youth unemployment in the EU: “When the crisis struck, young were the first to be fired as reforms created two classes of worker, flexibility only for youth.”
• He stresses the need for a solid education system, which “produces the right skills.”