The European Headwinds Facing Draghi and the Euro
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. The “type of actions we need, if we want interest rates at higher levels, are those that can raise the natural rate,” the European Central Bank president said on Tuesday. “And this requires a focus on policies that can address the root causes of excess saving over investment -- in other words, fiscal and structural policies.” Societe Generale Global Strategist Kit Juckes discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."
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