Music adds to economic prosperity says Draghi

Author: Ryan Littlestone | Category: centralbank

Author: Ryan Littlestone

Over the weekend Mario Draghi was questioned along side Ilmars Rimsevics, governor of Latvia bank, over European cultural days of the ECB.

In a let off form being questioned over LTRO’s interest rates and the like he was asked about culture vs the economic crisis.

We have to ask this question: does it not detract from the difficult economic and financial situation that you are organising cultural festivities, at a time when many people are suffering from the crisis?

Draghi: One could even say that literature, music, performing arts and fine arts provide inspiration that helps to bring about economic prosperity. Commerce and culture are dependent on one another!

Here’s the full interview.

What do you reckons Draghi’s musical taste is? Give me an appropriate song to describe term as ECB head so far.