Friday, September 12, 2014

Dragons: the EU there cages but he calls liberalism – Wall Street Italian

Dragons: the EU there cages but he calls liberalism – Wall Street Italian


 
                 Needless to pep King’s Troika: “We need to remove barriers to entry in the markets for goods and services, making it more ‘easy to start and run businesses.”
             
 

MILAN (WSI) – There will be ‘sustainable recovery in the absence of an increase in investment. This was stated by the president of the ECB, Mario Draghi, today at the Forum Eurofi Milan, reiterating the message launched in August at the meeting in Jackson Hole.

“A sharp increase in investment – he said – and ‘essential to bring the’ higher inflation in the vicinity ‘desirable levels, to stimulate the economy and reduce unemployment. Only if structural policies, fiscal and monetary policy go hand in hand, the euro area will assist’ to recover the investment. ” In the euro area “can ‘be useful to open the debate on the overall orientation of fiscal policies, in view of increasing public investment where there is fiscal space.”

According to Draghi, who expressed “appreciation” for the package of 300 billion euro, which was announced two months ago by the President of the European Commission, “there ‘a complementary role to play in supporting the recovery in private investment.” Dragons and ‘believes that “we need a coherent and credible stability pact’ and growth over time and in all countries. Context in existing governments can find the space to support productive investment and achieve a political settlement of budget more ‘pro-growth, reducing the tax burden and current spending unproductive. “

In addition, to encourage a resumption of investment’ and ‘now indispensable swift and effective implementation of the necessary reforms” structural. The ECB expresses “full support” to the intention of the President of the European Commission to create a Union of the capital markets. This step, he added Draghi, “would represent a natural evolution of the single market, to the benefit of all Member States of the EU.”

According to the ECB president, “we need to develop alternative sources of funding reliable than the bank credit, such as stock and bond markets, securitization, the activities ‘loan insurance companies and asset managers. E’ of fundamental importance for investment need to diversify the sources of funding and to overcome fragmentation in the financial sector. “

In order to stimulate the recovery and employment, the EU countries should remove barriers to entrepreneurship and young innovative companies. “It is expected that Spain registers a strong recovery in investment over the next two years – he said – for the pro-business reforms and the reduction of taxes on income of individuals and society. ‘”

it is required to remove the barriers to entry in the markets for goods and services, making it more ‘easy to start and run businesses: “In many cases these barriers deprive lymph entrepreneurship, especially among young firms innovative that create the most jobs and are very sensitive to changes in terms of opportunity ‘investment. “

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