Monday, August 18, 2014

The flexibility of Europe back in focus. Padoan: ECB must do its … – The Messenger

The flexibility of Europe back in focus. Padoan: ECB must do its … – The Messenger


 (AGI) – Continues the dialectical debate between Italy and the ECB, which began before the August break, a question and answer session between the ECB President Mario Draghi and Italian Prime Matteo Renzi way of the process of reforms.
This time to talk about is the Minister of Economy Pier Carlo Padoan, who urged the ECB to intervene to give a boost to inflation. In an interview with the BBC, the number one department of Via XX Settembre was clear: “everyone must do his part.” The task of Italy? Continue reforms with some degree of flexibility. A theme that will raise new concerns among the ranks of the penalty takers in Europe, but this is the biggest game important4e that Italy will have to play in the fall. Meanwhile, Renzi is preparing to meet the extraordinary summit in late August, where the theme of flexibility could be a counterpart to the standoff on the appointments. The judgment of Padoan is based on a fact: growth this year will be much lower than the 0.8% expected, but the slowdown will cover the whole of the eurozone. Not surprisingly, the most recent data on GDP of the major European economies, including Germany, have appeared rather disappointing. A save is only Britain. For Padoan it will take two years to veder4e the effects of reforms.

 18 August 2014 09:50 – Last Updated: 09:50

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