Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Draghi: Up to governments to act

Sep 25 2012 16:51 Sapa-AP

Related Articles

Rand fairly flat on ECB details

Rand stronger on euro

Spain banks' borrowing hits new ECB high

Asian markets sharply higher

JSE higher as markets cheer ECB news

Rand stronger on Draghi speech

 
Berlin - The head of the European Central Bank (ECB) is insisting that measures the bank is taking to alleviate the debt crisis can only "build a bridge" to a better future and it's up to governments to take decisive action.

Speaking to an industry conference in Berlin, Mario Draghi on Tuesday underlined the bank's commitment to its mandate of fighting inflation.

The ECB recently unveiled a plan to buy unlimited amounts of government bonds to help lower borrowing costs for struggling countries - a drive that met with scepticism in Germany and is opposed by the country's central bank chief.

Draghi says the ECB acted to address "unfounded fears about the euro area that were affecting our ability to ensure price stability."

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
 
NEXT ON FIN24X

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...