Draghi, the world’s weakest recovery expectations, ECB ready for new … – Corriere della Sera

Draghi, the world's weakest recovery expectations, ECB ready for new … – Corriere della Sera

A WASHINGTON conclusion of the work of the Fund

Milan , October 11, 2014 – 19:10

     
     
 

Mario Dragons

The global recovery has been weaker than expected. Monetary policy should continue to support the recovery. This was stated by the president of the ECB, Mario Draghi, at a press conference on the sidelines of the IMF. “To give an opinion now on the balance laws of France or in other countries would be premature,” says stressing that the maneuvers that the various European countries have to submit to Brussels are still at the stage of draft. “It was not until November, the Eurogroup.” “The ECB is ready to further action if necessary is ready to act within its mandate.”

Brake growth

“In the coming months the brakes on growth resulting from the policies of fiscal consolidation should come loose. We expect the headwinds become much more muted in the future, “added Draghi. “All of us remain committed to not consider the exchange rate as a monetary policy target.”

October 11, 2014 | 19:10

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