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Draghi to meet Juncker tomorrow

Tuesday, August 05 13:44:17

European Central Bank President Mario Draghi will meet the incoming EU Commission president, Jean-Claude Juncker, in Luxembourg tomorrow, a euro zone official with knowledge of the matter said today.

The meeting will take place as euro zone central bank governors are due to gather in Frankfurt for their policy meeting on Thursday. The ECB is widely expected to keep interest rates unchanged as it waits for earlier measures to unfold.

Bundesbank President Jens Weidmann, who will take part in the Governing Council meeting, has called upon governments many times to push ahead with reforms and respect Europe's fiscal rules, while adding that monetary policy has done its part.

Italian Prime Minister Matteo Renzi has led calls to move from austerity to expansion. He said last month the Bundesbank should not comment on Italian government policies, after Weidmann said Italy should complete structural reforms before calling for increased budget flexibility. (Reuters)

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