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Draghi: Germany is fundamentally wrong when its comes to investing
BILD: Mr Draghi, when you became President of the European Central Bank (ECB) just over four years ago, the Germans were scared that, as an Italian, you would create too much inflation. Now, even an Italian is unable to generate sufficient inflation. What is going wrong? Mario Draghi (laughs): Nothing. People in Germany can rest assured that their ECB President is doing everything to restore inflation to the right level. Our mandate is price stability, which means inflation just below two percent. BILD: In order to achieve that, you have cut interest rates to zero. German savings are melting away like butter in the ... (full story)
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