Music adds to economic prosperity says Draghi

View Comments

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.

Author: Ryan Littlestone

Ryan Littlestone has been working in financial markets for more than 20 years. Wide-eyed, he stepped out of Bank station in London to join LME founding member Rudolf Wolff where he worked his way to the main order desk and brokered customer orders to the LME floor and across virtually every global market. An opportunity to help set up and run a new LIFFE floor operation saw him catch the trading bug and it wasn’t long before the pull of the pits was too great to refuse. He became a ‘local’ and has been trading his own account for more than 11 years.


All|Central Banks|European Central Bank

Clay|ECB|European culture|Goldfrapp|mario draghi

Ryan Littlestone


  1. I wouldn’t trust the cultural taste of somebody being able to skin a cat just in one way.

  2. nice on alex ;)


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.