Draghi defends sovereignty in an economic union


Mario Draghi, the president of the European Central Bank (ECB) today (June 15) said it was possible for countries in the eurozone to retain sovereignty and transition to a full "economic union".

Speaking in Frankfurt am Main at the ECB and its Watchers Conference, Draghi said: "In processes of economic integration, we often speak about giving up sovereignty. Yet integration is far from being equivalent to giving up sovereignty. There are many cases in which integration implies a 'sharing' or 'po

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