Credit Suisse Group AG (CSGN) Chairman Urs Rohner backed European Central Bank President Mario Draghi’s efforts to stabilize the economy amid the debt crisis.
“Mr. Draghi has been in his job for a short period of time,” Rohner said in Davos, Switzerland at the World Economic Forum. “He’s done everything he could so far and I’m convinced he’ll do whatever is necessary to fend off the crisis.”
Italian and Spanish government bonds have rallied since Draghi last month offered banks as much money as they needed for three years.
To contact the reporter on this story: Caroline Connan in London at email@example.com
To contact the editor responsible for this story: Andrew J. Barden at firstname.lastname@example.org