Draghi speech: Completion of the banking union is essential

Mario Draghi, President of the ECB, is responding to questions from the press with key quotes found below.

• Change in calendar guidance becomes necessary when you want to give credibility.
• On incentives built into TLTROs, I cant say more on that.
• Appointment of Vice Chair Supervisory Board will be conducted in a transparent way in coming weeks.
• Completion of the banking union is essential.

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About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).