EPP Group questions Mario Draghi on ECB monetary policy
The EPP Group will today question the President of the European Central Bank (ECB) Mario Draghi on his monetary policy. "The books of the ECB must not become a depot of all Europe's risks", emphasised Burkhard Balz MEP, EPP Group Spokesman in the European Parliament's Committee on Economic and Monetary Affairs.
As a part of the regular Monetary Dialogue, Draghi meets the Committee this afternoon. "It is not just deflation which is a danger. We also must keep an eye on possible bubbles on the equity, bond and real estate markets", Balz will warn.
It would not be desirable if this just leads to more state securities on the banks' books. Burkhard Balz MEP
"ECB monetary policy must aim at stimulating real economy. It would not be desirable if this just leads to more state securities on the banks' books", Balz will say to Draghi. "It is important to keep up incentives for budgetary discipline and reforms."
"Of course, there are good reasons to take initiatives on the markets for securitisations. But this will only work if there is a buyer's market", says the EPP Group MEP.
The EPP Group is the largest political group in the European Parliament with 220 Members from 27 Member States