SAO PAULO, Nov 9 (Reuters) - European Central Bank Governing Council member Mario Draghi said there was a danger of excessive reliance on monetary policy and governments should seek to boost public spending instead.
"Finally, and speaking with my Banca d'Italia (Bank of Italy) hat on, there is a high danger that excessive reliance on monetary policy will lead us into a liquidity trap," Draghi said in speaking notes for a meeting of G20 finance officials, a copy of which was seen by Reuters on Sunday.
"We therefore need to pursue fiscal expansion, the sooner the better, each according to our constraints," he said, according to the notes. (Reporting by G20 summit team)