VIDEO: ECB's Chief Draghi : Time For More Integration
European Central Bank President Mario Draghi says current rules limiting European Union member states' budgetary policies — notably deficit spending — are not sufficient, and states should surrender some sovereignty in some economic policy areas, notably labor laws. In an interview with Dutch newspaper De Telegraaf published Saturday, Draghi said "economic policy cannot be a purely national matter" because of the impact European countries' policies have on each other.