Outgoing European Central Bank (ECB) President Mario Draghi was honored by the Academy of Athens for his role in rescuing the European economic and monetary union and for his response and actions in dealing with the debt crisis in the Eurozone, ANA reports.
“His contribution is significant and is universally recognized,” noted Academy of Athens President Stefanos Imellos.
In his address to the Academy, Draghi spoke on stabilizing policies in a monetary union. True convergence, he said, is important for the cohesion of a monetary union, therefore the right national and EU policies are vital in helping countries hurt by the recent crisis, especially Greece, to attain convergence.
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