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Draghi Ups Warning on High Debt Amid Italian Fiscal Tensions

  • Coalition leaders’ talk has caused damage to Italy: ECB chief
  • Not much spillover to other countries from ‘Italian episode’
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Draghi speaks at the bank’s news conference in Frankfurt.Source: Bloomberg)
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European Central Bank President Mario Draghi upped his push for governments to keep their debt in check amid concern over the budget plans in Italy.

The Italian, a former governor of the nation’s central bank, also hinted that politicians in the ruling coalition have hurt the economy with wild promises and conflicting messages about election pledges and taking steps to keep the deficit in check.