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Money Euro crisis: Bank hits back at Germany over rate row

Politicians in Germany have been attacking the ECB's policy of negative interest rates, which is damaging the income of savers and pensioners. But the the Bank's president has again hit back and said rates are low because Germans are saving TOO much. And then added: "There is a temptation to conclude that since very low rates generate these challenges, they are the problem."But they are not the problem.
Express
03/05
26 Points
1

Money BACK OFF: Germany isn’t going to bully us to change tack says Euro Bank boss

He pointedly said: "One thing is clear: the ECB obeys the law, not the politicians. "Or, as one of my predecessors put it, it is normal for politicians to comment on our actions. In comments patently meant for German policymakers he also warned that a perception that the ECB's independence was "under attack can unsettle businesses and consumers". Mario Draghi has used an interview with German newspaper Bild to again defend his policies after criticism from Germany.
Express
28/04
17 Points
1

Money ‘We don’t work for Germany!’ ECB lashes out as ‘interfering’ Merkel loses patience with EU

The leader in effect told top German politcians to stop meddling after they publicly criticised ECB actions. "And it shouldn't be confused with interference in the independent policy of the ECB, which I fully support."Mr Draghi yesterday insisted the controversial measures were working and vowed to use the full scope of his monetary powers for "as long as needed". As sentiment between the two reached an all-time low, the head of the eurozone's central bank yesterday lashed out at Germany.
Express
22/04
21 Points
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