(Il Sole 24 Ore Thomson Financial) – Milan, 9 Jan – “‘Cause Italian initiatives are to succeed must be accompanied by a common strategy at the level of the euro zone to support a sustainable recovery and robust. The Eurozone must ignite to all the cartridges. ” He said the general director of the IMF Christine Lagarde speaking at the inauguration of the academic year at Bocconi. “I want to start with monetary policy – said Lagarde – E ‘has always been at the forefront in the political landscape, and must continue to play a crucial role in support of the application. The ECB has taken bold steps in recent months, announcing such significant direct acquisitions of private bonds. These initiatives should help support demand and to avoid the risk of a persistently low inflation. ” “If the outlook for growth and inflation were to deteriorate further – concluded Lagarde – indicated that the ECB and ‘ready to diversify even more’ its budget, including through the purchase of sovereign wealth funds. It ‘a given, this, definitely positive even if monetary policy alone is not ‘enough. Fiscal policy also has a key role to play and fiscal measures should support the more’ growth possible and work. Think of public pan-European infrastructure projects, efficient also from the point of view of costs, can ‘help to lay the foundations for sustained growth. Finally it must be some flexibility’ in the rules of the Stability Pact ‘growth and to support public investment and implementation of structural reforms “.
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(RADIOCOR) 09-12-14 12:10:31 (0247) 3 NNNN
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