Draghi criticism is dangerous and excessive

The constantly growing personal criticism of Mario Draghi, the European Central Bank governor appears to be excessive and therefore dangerous. That’s what Francois Villeroy de Galhau, the ECB governing council member told in an interview in the Spanish newspaper El Pais, published on Wednesday.      

Of course, it’s quite normal that there’s debate on monetary policy. However, the personal criticism of Mario Draghi is too much, it’s really dangerous. That was Galhau’s reply to the question regarding German complaints against the European Central Bank.  

Francois Villeroy de Galhau states that from his point of view it’s quite excessive to talk about politicization of the ECB, which is under the control of this particular country or it has been the major reason for the growth of a particular party in Germany.   

Apart from that, he warned of the high risks closely connected with Britain escaping from the European Union, pointing out to probable financial turbulence, especially for British financial institutions, to say nothing of tough consequences for the monetary union.

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