EURACTIV PR

An easy way of publishing your relevant EU press releases.

Mario Draghi taken to task in Economics committee

Date

19 Feb 2013

Sections

EU Priorities 2020
Euro & Finance

GUE/NGL MEPs grilled Mario Draghi about both his role as chief of the European Central Bank (ECB) and his position of chair of the European Systemic Risk Board (ESRB) at a meeting with the Parliament's Economic affairs committee yesterday.

Marisa Matias challenged Draghi on economic policy based solely on low interest rates and stated that a "fiscal policy for growth" was needed.

Matias also addressed the issue of liquidity: "Conditionality must also be applied to banks and not only to Member States so that banks can receive money from the ECB. This would allow them to give better credit to SMEs and families."

As part of a discussion with Draghi on the ESRB's risk assessment on the European and Global financial system, Nikos Chountis questioned Draghi on the so-called 'multipliers' that the flawed economic model being applied in Greece is based on.

He added: "The only true fact is that all Greek people know very well that these policies and the austerity measures they impose lead to more poverty, deeper recession and bigger deficits."

---
GUE/NGL Press Contacts:
Emily Macintosh +32 470 85 05 08

Gay Kavanagh +32 473 84 23 20

European United Left / Nordic Green Left
European Parliamentary Group
 
 

Jobs

European Liver Patients' Association (ELPA)
Administrative Assistant/European Liver Patients' Association
European Footwear Confederation - CEC
Communication and Project Officer
StP Communications
Communications Assistant
European Asphalt Pavement Association AISBL
PR & Communication Officer
The European Association for Storage of Energy
Energy Storage Policy Traineeship
Friends of the Earth Europe
Resource and Finance Coordinator