Draghi as ECB chief ‘bad for Ireland’
Mr Draghi has been tipped to become the next president of the ECB following the surprise resignation of Axel Weber from the German Central Bank earlier this year. Up to the point of Mr Weber’s resignation he was seen as the front-runner for the top bank job.
Director of the Irish Mortgage Corporation, Frank Conway, said that Mr Draghi will need to be seen to be more “German” than the Germans, and this would spell bad news for mortgage holders here in Ireland.
