Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.
Mario DraghiRead
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
Interpretation
What this quote means
Governments need to adopt responsible economic policies to achieve reform and maintain independence.
In this quote, Mario Draghi emphasizes the importance of sound economic and financial policies by governments as a prerequisite for reform in the euro area. He suggests that such policies not only promote economic stability but also safeguard the independence of the region, indicating a direct link between good governance and successful economic outcomes.
Themes
Economic PolicyReformIndependenceGovernance
In practice
Example use cases
During a conference on economic development, one can quote Draghi to stress the importance of fiscal responsibility.
More from Mario Draghi
All quotes βSimilar quotes
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.
Murray RothbardRead
The interests of the IMF represent the big international interests that today seem to be established and concentrated in Wall Street.
Che GuevaraRead
Budget consolidation and economic growth are two sides of the same coin.
Angela MerkelRead
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Ray DalioRead
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Thomas PikettyRead
No complaint... is more common than that of a scarcity of money.
Adam SmithRead