Draghi urges governments “Theirs efforts for reforms” – AGI – Agenzia Journalistic Italy

Draghi urges governments "Theirs efforts for reforms" – AGI – Agenzia Journalistic Italy

20:17 January 24, 2015

(AGI) – Berlin, January 24 – The governments of the eurozone countries need to redouble their reform efforts to create a “genuine” economic union. And ‘what writes the ECB president, Mario Draghi, in an article that will appear’ on the German periodical WirtschaftsWoche and which Reuters anticipates some passages.
“By asking the governments, in the context of an economic union, to adopt structural reforms, will be ‘credibility’ to their real ability ‘to reduce debt through growth, “writes Dragons to two days after the launch of the program of’ quantitative easing ‘.

Weidmann skeptical about Qe “involves risks”

Each Member State, Draghi writes, must be “in a position to benefit” from the common market ” to attract capital and create jobs.
why there ‘need for structural reforms that promote competitiveness’, dismantle the bureaucracy and increase the capacity’ adjustment of labor markets. ”

Confindustria “With Qe increase GDP by 1.8%”

Nevertheless, emphasizes the number one Eurotower, an economic union is based on a common interest: “For this there are important arguments in favor of the joint operation of sovereignty ‘in this area, as part of a genuine economic union.
Supplementing more’ narrow, continues Draghi, will allow ‘even better risk sharing in the private sector.

Patuelli “Intervention and’ a shove to the crisis”

“The sharing of risk,” warns but ‘the ECB president, “requires first of all a strengthening of the capital markets, particularly the equity markets; for this we have to move forward quickly with the union of the capital markets. “.