ECB's Draghi does his bit with salary to fight inflation
February 22, 2013 4:00 AM EST
It's the European Central Bank's job to keep euro zone inflation in check and its boss appears to be doing his bit.
Mario Draghi's pay rose just 0.8 percent last year compared with what he and his predecessor as president, Jean-Claude Trichet, earned in 2011, ECB data shows.
The ECB targets inflation at below, but close to 2 percent.
Draghi is probably not hurting, however. He made 374,128 euros ($500,200) last year. On top of that, the Italian has the right to live for free at an ECB-owned residence.
Other Executive Board members also received similar pay raises, meaning their buying power decreased as prices rose 2.5 percent in the 17-country common currency bloc.
($1 = 0.7479 euros)
(Reporting by Sakari Suoninen. Editing by Jeremy Gaunt.)
Most Popular Slideshows
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- NATO: Russia's Been Conducting Too Many Military Flights Over Europe
- Nokia Lumia 730 v. Sharp Aquos Crystal – Specifications, Features And Price Showdown
- Moto X 2014 vs. Motorola DROID Turbo - Specifications, Features And Price Showdown
- Apple iPhone 6 Plus vs Motorola Droid Turbo: Comparsion On Processor, Software And Battery
- Australia Special Forces Await 'Delayed' Iraqi Visas Before Joining ISIS Fight
- ISIS Has Been Equipped With Advanced Anti-Aircraft Missiles
- Samsung Galaxy Note 4 vs Motorola Droid Turbo – S-Pen Is Note’s 4 USP But Droid Turbo Can Outshine With Larger Battery