ECB's Draghi: Questioning of EU budget rules can lead to worse conditions in financial sector

Citing an EU official, Reuters recently reported that "Deeper euro zone integration would help overcome opposing views on EU budget rules," ECB President Draghi said during the EU summit.

Key quotes

• Draghi said there was no evidence that undermining rules leads to prosperity, but it carried a high price tag for all actors.
• Draghi said rules must be respected in the self-interest of all parties.
• Draghi said deeper euro zone integration would help overcome opposing views on EU budget rules.
• Draghi said questioning of EU budget rules can lead to worse conditions in financial sector, damage growth.