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Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

Mario Draghi

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Mario Draghi
Age: 77
Born: 1947
Born: September 3
Banker
Economist
Politician
University Teacher
The Eternal City
Whole
Rate
Rates
Areas
Identical
Across
Markets
Concern
Area
Broken
Capital
Differences
Arise
Break
Majors
Unacceptable
Interest
Major
Euro

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The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.
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