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(THREAD) Mario Draghi is speaking at #SoU2018 about how well-designed risk-sharing in the euro area would make our financial system and monetary union safer. Click on this thread to find out more or read the full speech ecb.europa.eu/press/key/date… 1/ 
Mario Draghi: We need a fiscal backstop to European banking resolution. This will create confidence that resolution can always be enacted efficiently. The aim is not to bail banks out – borrowed funds are repaid by the private sector. #SoU2018 2/
Mario Draghi: The dichotomy between risk-sharing and risk-reduction is, in many ways, artificial. With the right policy framework, these two goals are mutually reinforcing. #SoU2018 3/
