Draghi Faces a Euro Problem He Can't Solve, Says French
Mario Draghi used his second appearance in Berlin in a month to drive home his message that a three-decade slide in long-term interest rates can only be properly arrested with the help of governments. Having been the focus of increasingly sharp criticism in the German media and from some political parties that accuse him of hurting savers through low-rate policies, the ECB president mounted a detailed defense of his monetary policy and pushed the blame for low returns firmly elsewhere. Panmure Gordon Chief Economist Simon French discusses with Mark Barton on "Bloomberg Surveillance."
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04:50 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Norman Lamont, former U.K .Chancellor of the Exchequer, Huw Van Steenis, global head of strategy at Schroders PLC, and John Nilsson-Wright, senior research fellow at Chatham House. (Source: Bloomberg)