Mario Draghi: The euro, monetary policy and reforms Speech by Mr Mario Draghi, President of the European Central Bank, on receiving an honorary degree in political science, LUISS (Libera Università Internazionale degli Studi Sociali) “Guido Carli” University, Rome, 6 May 2013. *  *  *  My first grateful and fond mention goes to Guido Carli.
As an increasingly higher wage economy it needs to produce higher value added products in its export mix, become more dependent on internal sources of demand for its economic growth, and balance the expectations of its vast populous for prosperity and other goals. Although this transition will inevitably be accompanied by a range of economic shocks, there are grounds for confidence.