ECB’s Draghi Says Italy Needs GDP Growth Near 2% for Debt Rule

European Central Bank Governing Council member Mario Draghi said that Italy will need annual economic growth of about 2 percent and a balanced budget to meet the European rules on public debt.

“If the growth nears 2 percent yearly, the rule on debt will be met, provided that the rule on balanced budgets is met too,” Draghi, who also heads the Bank of Italy, said today in a speech in Turin, Italy.