Draghi confident Italy and European Commission will reach deal
ECB president says momentum is slowing but points to higher negotiated wage growth
European Central Bank president Mario Draghi warned that the eurozone might suffer financial instability from either a “no-deal” outcome to Brexit or from the European Union’s dispute over the Italian government’s budget.
But Draghi said financial realities were likely to oblige the Italian government to reach a deal over budget levels with the European Commission, at the conclusion of the ECB governing council’s monetary policy meeting today (October 25). He was also more upbeat on
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