FRANKFURT (Reuters) – A pessimistic scenario involving the European Central Bank did not get to hit its goal of preserving price stability is now more than six months ago . He says in an interview with Mario Draghi ‘Handelsblatt’, reiterating that the institution is ready to intervene at the beginning of the new year if it proves necessary. Also on the German financial newspaper, Draghi says not interested in an entry into politics after the formalization dell’altroieri – however waiting – Giorgio Napolitano intention of leaving office for reasons of age. The ECB president meanwhile returns to retrieve the political urgency in launching the necessary structural reforms, easing the tax burden and the cost of public administration in order to support the recov ery of the economy “fragile and uneven”. For the euro area, adds the number one ECB, the risk of deflation is limited, Frankfurt will nevertheless forced to act if inflation remains too moderate for too long a period, with a reflection on price expectations reflected in a further postponement of the costs to consumers. “The risk that we do not respect our mandate on price stability is higher today than they were six months ago,” he says. “We are going through a phase of technical preparation so ago calibrate the amount, timing and composition of our measures beginning of the year when you were faced with a prolonged period of low inflation. On this there is the ‘unanimous vote of the board. “ Among the tools that the central bank could use is the underwriting of government bonds but it should be avoided finanziamanto directed to the countries of the euro zone, which is expressly prohibited by the Treaty. If to a weakening of the outlook for inflation is a real risk, the impact on wages and thus investment growth, Draghi denies any possibility of dissolution of the euro zone. More …
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