ECB ‘obliged' to introduce OMT to defend price stability, Draghi tells Bundesbank
European Central Bank (ECB) president Mario Draghi, speaking at a conference organised by the Deutsche Bundesbank in Frankfurt, yesterday emphasised that eurozone governments have improved their fiscal positions despite recessionary headwinds and stressed euro area countries have become more competitive.
He said the architecture of European Monetary Union "has been strengthened in ways that many would have considered inconceivable two years ago", and added that the move towards banking union is
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