27.04.2012 - 06:31 [ San Franciscan Chronicle ]

Hollande Says He Disagrees With Draghi‘s Method for Growth

The ECB president yesterday called for a „growth compact“ alongside the fiscal treaty agreed to by the 17 nations sharing the euro. The proposal was endorsed by German Chancellor Angela Merkel, who said she supports Draghi‘s growth push „in the form of structural reform.“ While Hollande welcomed Draghi‘s remarks as evidence of the need for treaty changes to boost growth, he questioned the means of getting there.