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Draghi urges Europe to prioritize growth and avoid excessively high interest rates

Former European Central Bank president Mario Draghi said fiscal discipline alone will not be enough to ensure debt sustainability and called for development and a shared European agenda.

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What is happening

Draghi urged European policymakers to put growth at the center of their agenda. He also said that efforts by the ECB to stabilize inflation should not weaken the economy.

Why is it on the Radar?

His remarks address the balance between debt sustainability, economic growth, and inflation stabilization in Europe.

Sources and timeline