Draghi says closer union will achieve stability in Europe

Mario Draghi

The president of the European Central Bank (ECB), Mario Draghi, said today (July 9) that eurozone nations will have to pursue deeper integration to achieve stability on an aggregate level, but he also stressed the importance of countries in sticking with agreed fiscal reform programmes in Europe.

Draghi made the comments at a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, where he appeared to defend the role of the ECB in achieving its own price stability m

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