Highlights – Officials at European Banking Congress

Highlights – Officials at European Banking Congress
FRANKFURT (Reuters) – Following are comments from politicians, company executives and central bank policymakers attending the European Banking Congress in Frankfurt as the euro zone’s debt crisis continues to worsen. ECB PRESIDENT MARIO DRAGHI On the EFSF rescue fund: “Where is the implementation of these long-standing decisions?” Draghi asked. In the text of his speech, he added: “We should not be waiting any longer.” Draghi repeated that downside risks to the economic outlook in the euro area have increased and said the weaker degree of activity would moderate price, cost and wage pressures. …