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Mario Draghi: "Our future lies with more integration, not with the renationalisation of our economies" (Photo: European Parliament)

Russia driving up euro, says Draghi

Low inflation, weak demand and high unemployment are not the only reasons for a strong euro, which is a "matter of serious concern" for the governing board of the European Central Bank (ECB).

Russia's actions in Ukraine are "certainly one of the reasons", with credit flows from Russia and Ukraine "having the effect of keeping the euro strong," ECB chief Mario Draghi said Thursday (8 May) in a press conference.

The euro is appreciating because it is seen as a safe haven by investor...

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Mario Draghi: "Our future lies with more integration, not with the renationalisation of our economies" (Photo: European Parliament)

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