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The European Central Bank rebuffed the..........>

ECB
MNI (London)
ECB: The European Central Bank rebuffed the argument that the current low
interest rates lead or have led to higher debt levels in the currency bloc, ECB
President Mario Draghi said Saturday. "We don't have any evidence that our low
interest rates have caused a rise in debt," Draghi said in a press briefing in
Washington. "I don't see any dramatic rise in debt," he added. "The low rates
should be used to favour consolidation," Draghi said. "It is a positive
situation, a good opportunity to undertake structural reforms and correct
weaknesses we saw when the financial crisis hit the world."
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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