ECB’s Draghi Warns Politicians That Current Euro Situation ‘Unsustainable’

BRUSSELS—European politicians must dispel the fog of uncertainty surrounding the vision of the euro of the future because the current situation is “unsustainable,” European Central Bank President Mario Draghi said on May 31.

Speaking before the European Parliament’s Economic and Monetary Affairs Committee, Mario Draghi contributed to the lively debate among European leaders about short-term and long-term solutions for saving the euro.

Also speaking on May 31 in Brussels, EU Economics Commissioner Olli Rehn warned against the disintegration of the eurozone, Italian Prime Minister Mario Monti feared a popular backlash against the austerity and reform program, and International Monetary Fund ...