Draghi: “The recession seems to never end.” And the bags sink – AGI – Agenzia Journalistic Italy

Draghi: "The recession seems to never end." And the bags sink – AGI – Agenzia Journalistic Italy

October 2, 2014 23:02

(AGI) – Rome, October 2 – Black day for markets: the thud of bank shares push European shares to a sharp drop in closure. The financial sector and ‘was disappointed by the absence of references to new stimulus measures by the ECB although the decline – they point sources of central banks – had already started’ in the morning, before the press conference of Mario Draghi, the wake concerns related to the controversy sull’austerity in Europe triggered by some statements of the French and Italian governments.

In fact, they point to the same sources, Draghi said that the Eurotower and ‘ready to take further measures if necessary and pointed out that the objectives of the program to purchase covered bonds are much more’ higher than in the past. In reality, ‘the general concern and’ always focused on the recovery that does not take off. Draghi, in a press conference, has stressed that the Euroscepticism is’ understandable ’cause things are not going well. There’ a high unemployment and the recession that never seems to end. ”

“We can no longer ‘lower rates,” he added, adding that “the actions of the ECB will be more’ effective if governments will implement other policies to address the question.” “The countries that have the room for maneuver of the budget – he said – they must use them.” Meanwhile, today at the headquarters of the MEF, and ‘held a meeting at technical level between representatives of the Bank of Italy, Mise, Mef, Abi and CDP: and it’ been a first round table aimed to identify the mode ‘more’ appropriate affinche ‘the financial system can grasp a better opportunity’ offered by the ECB. Objective: businesses should be able to take full advantage of the tools put in dall’Eurotower, restarting so ‘investment and restoring breath to the labor market.

Going back to bags, in Europe the worst performers in Milan with the FTSE MIB index down 3.92% to 19,894.88 points. The Dax in Frankfurt yields 1.99% to 9195.68 points, the FTSE 100 in London marks -1.69% to 6446.39 points, the CAC 40 in Paris lost 2.91% to 4242.67 points, the Ibez Madrid backs of 3.12% to 10,418.1 points.