Speaking at a Catholic convention in Rimini, Italy, on Tuesday, former European Central Bank (ECB) President Mario Draghi warned governments against the risk of another debt crisis unless they utilize the massive coronavirus-relief stimulus to upgrade their economies. Key quotes (via Bloomberg) “European institutions, savers and financial markets will only fund “good debt” if it’s being used for investment in human capital, crucial infrastructure, or research.” “If, however, debt is used for unproductive purposes, it will be seen as ‘bad’ debt and its sustainability will be eroded.” “Low-interest rates are not in themselves a guarantee of sustainability.” ”For years, a form of collective selfishness has led governments to divert attention and resources toward initiatives that generated guaranteed and immediate political returns.” “This is no longer acceptable.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Commerce Ministry: Services trade still faces severe and complex situations in H2 2020 FX Street 2 years Speaking at a Catholic convention in Rimini, Italy, on Tuesday, former European Central Bank (ECB) President Mario Draghi warned governments against the risk of another debt crisis unless they utilize the massive coronavirus-relief stimulus to upgrade their economies. Key quotes (via Bloomberg) “European institutions, savers and financial markets will only fund “good debt” if it’s being used for investment in human capital, crucial infrastructure, or research.” “If, however, debt is used for unproductive purposes, it will be seen as ‘bad’ debt and its sustainability will be eroded.” “Low-interest rates are not in themselves a guarantee of sustainability.” ”For years, a form of collective… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.