Draghi wants shared sovereignty over structural reforms

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Mario Draghi called for a "quantum leap in institutional convergence" at a conference yesterday (March 16), as he fleshed out his vision for common governance of structural reforms in the eurozone.

The European Central Bank (ECB) president first introduced the idea of common governance when he spoke at a memorial lecture for Tommaso Padoa-Schioppa in London in July 2014.

He highlighted the importance of reforms again yesterday, at the SZ Finance Day in Frankfurt, before arguing in favour of an

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