Mario Draghi calls for euro area fiscal instrument to fight crises.
Speaking at the Hertie School of Governance, Mario Draghi called for a new eurozone fiscal instrument and more risk-sharing to be more efficient in dealing with crises.
BERLIN (Reuters) – The euro zone needs a new fiscal instrument and more public risk-sharing to fight the sort of crises that have left lasting scars on the currency bloc’s economy and society, European Central Bank President Mario Draghi said on Wednesday.
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