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ECB's Draghi backs Schaeuble's "currency commissioner" -Spiegel
European Central Bank Chief Mario Draghi backed a proposal by German Finance Minister Wolfgang Schaeuble to radically expand the powers of the European Union's monetary affairs commissioner giving Brussels greater control over member states budgets. In an interview with German magazine Der Spiegel published four days after defending his bond-purchase program in the country's lower house of parliament, Draghi also said he did not expect his Outright Monetary Transactions (OMT) plan to cost the taxpayer money. Schaeuble said earlier this month that the EU needed a commissioner who wielded power over member states' ... (full story)
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