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Mario Draghi —
Italian
Politician
born on September 03, 1947,
Mario Draghi OMRI is an Italian economist, manager and banker who succeeded Jean-Claude Trichet as the President of the European Central Bank on 1 November 2011... (wikipedia)
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
I trust the people who are working with me. I delegate.
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.
In the European context tax rates are high and government expenditure is focused on current expenditure. A 'good' consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
There is no better protection against the euro crisis than successful structural reforms in southern Europe.