Draghi defends ECB policy

Mario Draghi of the European Central Bank
Mario Draghi

The European Central Bank’s outgoing president Mario Draghi has defended its unconventional monetary policies against recent criticisms by serving and former policy-makers.

Critics of some or all of the ECB’s policies have become increasingly vocal as Draghi’s eight-year term sets to end. Many of the critics have been from Germany, or from neighbouring northern European countries, which traditionally share hawkish views of monetary policy.

Draghi mounted a typically courteous and nuanced

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