Draghi: Up To Politicians To Fight Eurozone Crisis

Business Heds Index, Seattle Post-Intelligencer: Business
Fri, 06/15/2012 - 3:39am

Draghi: up to politicians to fight eurozone crisis Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 02:59 a.m., Friday, June 15, 2012 FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi warned European Union leaders that they should not wait for more emergency help from the central bank to solve the debt crisis rattling the region and instead make the political choices needed to strengthen the euro. Draghi said Friday the ECB has supported banks against the ongoing debt crisis with €1 trillion in emergency credit and that now "political choices have become predominant over monetary policy instruments that we can use in the near future." Greece is dependent on bailout loans from other eurozone countries and the International Monetary Fund after bond investors would not loan it any more money at affordable rates.

Topics: copyright updated june frankfurt germany ap european central bank mario draghi european union ecb greece international monetary fund draghi press politicians to fight eurozone crisis debt emergency political choices friday

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Draghi: Up To Politicians To Fight Eurozone Crisis

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