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World

ECB's Draghi fiercely defends low rates

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Opening sequence

World

ECB's Draghi fiercely defends low rates

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COMING UP:ECB's Draghi fiercely defends low rates

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00:00:01
>> The European Central Bank fiercely defending it's zone low rates policy on Wednesday. President Mario Draghi insisting they are necessary to revive growth. Pointing the finger instead at governments to do their part if they want rates to rise to normal levels. All this in response to recent criticism from German lawmakers.
00:00:22
The Eurozone's biggest economy objecting to Draghi's unprecedented stimulus measures. Four years after they were introduced, states are now in deep negative territory. And the ECB is buying 80 billion euros of assets every month. Germans argue that its upsetting financial stability, eating up household savings, destabilizing banks and rewarding financial mismanagement by euro's own governments.
00:00:48
Now fresh signs of increasing tension emerging as the ETB contemplates even more stimulus to lift still lackluster inflation. Calling on Germany to spend more to boost growth.