Draghi warns of rising inflation and debt

Mario Draghi, the Italian central bank governor widely expected to become the head of the European Central Bank in November, …

Mario Draghi, the Italian central bank governor widely expected to become the head of the European Central Bank in November, has warned that rising inflation and ballooning public debt could hamper the global recovery.

In his first speech in Germany since being nominated to succeed Jean-Claude Trichet, Mr Draghi said overheating was a “clear and present danger.” – Copyright The Financial Times Limited 2011