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-ECB chief says euro needs central budget

Nov 27, 2018 - Banking and Credit News

Global Banking News - 27 November 2018

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Draghi said that such a measure would protect individual governments against financial crises. He said that such a buffer needs to be big enough and should deploy automatically. He also warned that the buffer should not encourage governments to spend irresponsibly.

European Central Bank

Mario Draghi has urged European leaders to adopt a central budget.