EUROPE

Mario Draghi’s farewell remarks

Mario Draghi, October 28th, 2019

BY

FORUM NEW ECONOMY

PUBLISHED

1. NOVEMBER 2019

READING TIME

1 MIN

In the last speech as ECB President, Mario Draghi, calls for more active fiscal policy in the euro area, arguing that this would make it possible for the central bank to adjust its policies more quickly and lead to higher interest rates.

PREVIOUS ARTICLE Quantifying the Macroeconomic and Fiscal Effects of Selected Infrastructure and Education Investments in Germany.
NEXT ARTICLE New books for a new paradigm

ABOUT EUROPE

KNOWLEDGE BASE

The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.

ARTICLE OVERVIEW