Draghi press conference: Responding to a question regarding Juergen Stark's description of the...

|By:, SA News Editor

Draghi press conference: Responding to a question regarding Juergen Stark's description of the bank's balance sheet as "shocking," Draghi says the former ECB member has his facts wrong. To review: Stark resigned from the ECB not necessarily because of its expansionary policy, but because of the low-grade collateral the bank began accepting as security for loans.