Paolo Biondi
ROME, August 22 (Reuters) – All eyes on Jackson Hole, in the quiet of the mountains of Wyoming, where this evening local to Carousel – when markets will be closed and also finished the evening news – take the word Mario Draghi. He will speak after the chairman of the Fed, Janet Yellen, has concluded his speech.
yesterday reading the minutes of the Fed, the markets have understood that the direction is that of a balance between Europe and America and celebrated while the euro fell against the dollar, breaking down the amount of 1.33 – a level that is proving to be even in the morning, to a minimum of 11 months.
The one on which Draghi and Yellen have to walk to Jackson Hole is a “tightrope,” writes Charles Bastasin Il Sole 24 Ore today, but the challenge is decisive: “The solution to the problems is to increase the levels of growth potential of economies and improve social policies. “
There are words that take the thought to the events of our house, in what they said last night Matteo Renzi at TG5 and this morning Graziano Delrio of the Republic: no new taxes, but spending cuts. Incentives need to look to Brussels – starting with the EU Council on 30 August – and Frankfurt, Draghi will decide what. And I look back today on the American mountains.
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