Britannia Radio

Draghi heavily criticised by the German press

13:13 27 LUG 2012 

(AGI) Berlin - The German press has attacked Mario Draghi, who yesterday assured that the ECB will defend the euro by any means. The progressive 'Sueddeutsche Zeitung' sees Mario Draghi's solution as 'weak, because it doesn't solve any problems. On the contrary, once the fire has been put out in the countries in crisis, the desire for reform will also quickly end. In addition we should add that the ECB is risking taxpayers' money without being democratically legitimised'. The conservative 'Frankfurter Allgemeine Zeitung' argues that with the steps envisaged by the ECB president, 'the debt crisis would not be resolved, because this can only happen if states put their budgets in order and make their economies more competitive'. The conservative 'Die Welt' was harsh in its criticism, arguing that 'the ECB has shown itself to be a Trojan horse, which no longer defends principles, but a Europe led by the south. The consequence will be redistribution at the expense of the north without solving any problems'.

http://www.agi.it/english-version/world/elenco-notizie/201207271313-cro-ren1032-draghi_heavily_criticised_by_the_german_press