Mario Draghi, President of the ECB, is now responding to questions from the press with key quotes, via Reuters, found below.
- Stalemate between U.S. And China, Brexit, Italy are trade uncertainties.
- We’re having growth returning to potential after 2017.
- Hard to distinguish which factors are transitory, which ones permanent.
- Weaker momentum is not enough to make us change baseline scenario.
- We’ll have to see projections in December.
- Not much discussion about Italy.
- Cites Dombrovskis about Italy saying we have to respect fiscal rules but we’re seeking a dialogue.
- I’m personally confident that an agreement between Italy, Commission will be found.
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About Mario Draghi
The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
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