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Mario Draghi presents his credentials as candidate ECB president


Image by European Parliament
Mario Draghi, candidate designate for the European Central Bank presidency, told Economic and Monetary Affairs Committee MEPs on Tuesday that the ECB must not be diverted from its primary goal of price stability and that he would use the European Parliament venue to strengthen the ECB’s accountability to citizens. Voluntary involvement of private investors as part of a solution to the Greek crisis is workable, he added.

In a two-hour hearing held by the committee to form its opinion on the suitability of Italy’s central bank governor to succeed Jean-Claude Trichet, Mr Draghi fielded questions on his vision for the ECB, the best model for a revamped economic governance system, the best way out for Greece, and also on his past as vice-chairman of the Goldman Sachs investment bank .

www.europarl.europa.eu/en/pressroom/content/20110614IPR21…

© European Union 2011 PE-EP/Pietro Naj-Oleari

Dollar rallies after stronger US economic data
Bank of Japan board member Ryuzo Miyao said on Tuesday it was vital to keep long- and short-term interest rates stable. Also on Tuesday, European Central Bank Executive Board member Peter Praet … "Perhaps the most interesting aspect of the price …
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Discontent on BoJ board over monetary policy outlook
"Japan's economy has started picking up", he said and, copying the central bank's published outlook verbatim, inflation "is likely to reach around 2% – the price stability target – toward the latter half of the projection period". He emphasised that …
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VAUXHALL VXR8 GTS
Just £5,000, taking the VXR8's list price to £54,999, exactly £54 more than the outgoing BMW M3 coupe and rather less than the larger saloon rivals. As always, the VXR8 is a Holden underneath, now the facelifted Gen-F Commodore GTS and the most …
Read more on Pistonheads.com

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