ECB Contenders Jointly Lobby For Crisis-Proofed Euro Zone

www.oann.com | 11/19/2018 | Staff
darktm22darktm22 (Posted by) Level 4
FRANKFURT (Reuters) – The top two contenders vying to replace ECB President Mario Draghi this year joined forces on Wednesday, calling on European leaders to finally enact long-delayed reforms to make the euro zone more resilient to crises.

French central bank chief Francois Villeroy de Galhau and Bundesbank President Jens Weidmann asked EU leaders to pass the necessary laws to complete the capital market union, which would better channel savings to where investment was needed and help absorb shocks.

Time

“It is now high time to...
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