Anti-crisis protesters 'are right': future ECB chief

AFP, Saturday 15 Oct 2011

Mario Dragi, once vice chairman at Goldman Sachs, voices support as demonstrations spread across the world

Bank of Italy chief Mario Draghi, set to take over as head of the European Central Bank (ECB) next month, on Saturday voiced support for global protests saying young people were right to be angry.

"Young people are right to be indignant," Draghi was reported by Italian media as saying in informal comments to journalists on the sidelines of financial talks in Paris among the Group of 20 (G20) leading world economies.

"They're angry against the world of finance. I understand them," said the 64-year-old economist, adding: "We adults are angry about the crisis. Can you imagine people who are in their twenties or thirties?"

A former vice chairman of Wall Street giant Goldman Sachs, Draghi has been critical of the Italian government's handling of the economy and has won over sceptics in Europe with his insistence on the need for budget discipline.

Tens of thousands of protesters marched through the centre of Rome on Saturday as part of a day of protest around the world. Thousands of protesters also rallied outside the ECB's headquarters in Frankfurt.

Short link: