Economics
Draghi Defends ECB Stimulus Saying Jobs Matter Most for Equality
- ECB head speaks to students in Portugal before annual forum
- Reiterates that central bank hasn’t yet met inflation mandate
ECB President Mario Draghi defends the central bank's stimulus measures before a group of students in Portugal. (Source: Bloomberg)
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Mario Draghi took his defense of his stimulus measures to students in Portugal, where he argued that young people will benefit from the revival of euro-area growth.
Youth unemployment “is declining but it’s still very high,’’ the European Central Bank president said at ISEG Lisbon School of Economics and Management on Monday. “The millennials that found a job because of our policy, I’m pretty sure they are okay” with the ECB’s strategy.