Mario Draghi urges governments to spend more, in final ECB outing – business live

Mario Draghi warns that geopolitical risks are threatening the eurozone recovery, as he gives his final press conference as president of the European Central BankLatest: Draghi says fiscal policy must do morePress conference underway nowECB leaves interest rates on holdFears mount over GermanyEurozone economy looking sicklyIntroduction: Draghi is leaving the ECB 2.45pm BST Q: You are credited with saving the euro with three words….but your policies are criticised across the region. One day, a country may decide that the euro is not irreversible ….Should you have done more to reach out to the public? And will Italy ever fix itself?No-one would ever say ‘if you understood me, you were stupid’. We all try to be transparent today.Important last words by #Draghi as #ECB chief: Support for the euro is at its historic high, even in Italy now everyone agrees the euro is irreversible (hint to Salvini), but more needs to be done. Clearer communication is needed (hint to Greenspan) but without entering politicsPress corps gives Draghi a round of applause! 2.30pm BST Q: When you started, Greece was in a bailout programme. Now, it just sold bonds at a negative yield – so was the Greek programme a successDraghi says that the policies implemented in Greece are paying off. But it also shows the dangers of ending these policies.Success of Greek turnaround is first and foremost of #Greece itself, Mario Draghi Continue reading…
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