‘Count Draghila is sucking our accounts dry’, says German daily Bild

Euronews | Sep 13, 2019 at 11:04 AM
  • Mass-selling German newspaper Bild on Friday accused European Central Bank President Mario Draghi of “sucking dry” the bank accounts of Germany’s savers, a day after the ECB cut interest rates deeper into negative territory.
  • Hoping to kick-start economic activity nearly a decade after the euro zone’s debt crisis, the ECB on Thursday cut interest rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower.
  • Formed in 1957, the German central bank was a model for central bank independence in the years that followed, but its president is now just one voice on the ECB’s Governing Council.
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  • "Count Draghila is sucking our accounts dry", says German daily Bild (Reuters: Sep 13, 2019 at 7:29 AM)