Draghi: Eurozone recovery strengthens. Q: purchases until September … – Il Sole 24 Ore

History Article

Close

This article was published April 18, 2015 at 10:24.

“The economic situation and the outlook for short-term EUR Area are currently brighter than they have been for several years.” This was stated by Mario Draghi, governor of the European Central Bank, in his speech at the International Monetary and Financial Committee filed (IMFC), the operational arm of the International Monetary Fund.

The recovery Eurozone strengthens
According Draghi there are various factors that lead to believe that the “weak recovery and unbalanced lived until now will gain strength and breadth” means the determination of the ECB in achieving its mandate on price stability, strengthening the financial sector, the accommodative macroeconomic policies, fiscal policies and strong determination on the part of governments to pursue structural reforms of the Area €. These factors “should allow the Area € embarking on a course of sustainable growth in a context of price stability.”

Qe: bond purchases at least until September 2016
Draghi says that “the current recovery, which began almost two years ago, is taking hold more firmly.” It “will strengthen gradually,” but “will continue to be slowed by the necessary fiscal adjustment in a number of sectors and the slow pace with which the structural reforms are implemented.” And the risks related to the Outlook for the eurozone growth, while continuing to be on the downside, “have become more balanced thanks to recent monetary policy decisions.” On March 9, has launched a plan to purchase bonds from 60 billion euro a month, “which will go on until at least September 2016,” said Draghi. Decisive, “the decline in crude oil prices and a lower exchange rate of the euro.”

The eurozone countries must make reforms
The member countries of the Area euro, however, must do their part, said Draghi. “Many nations are still coming to terms with significant challenges on consolidation to reduce the high debt and to ensure fiscal sustainability.” Sharing the view taken by the International Monetary Fund in its Fiscal Monitor, namely that the good economic times before the crisis have not been used enough from advanced economies to build sufficient bearings tax, Draghi said that now “the countries of the euro should make sufficient progress towards medium-term budgetary objectives. ”
In addition to fiscal policy, for Draghi is important to continue to implement structural reforms, which “are not simply in the interest of individual countries, but they are also the key to strengthening the resistance and ensure a smooth functioning of Economic and monetary union and to support growth globally. ”

© ALL RIGHTS RESERVED

Permalink

“+” “+”

“+ last + “ |” + datalunga + “” + + Now “| Real-time

“);} else {$ (‘.finanza-right-art .GraficiAndamento’). append (“” + “” + “

” + last + “ |” + datalunga + “” + time + “

“);} $ (‘ .finanza-right-art .TabellaDati ‘). append (“

”
 + “” + name + “

”
 + “” + last + “

”
 + “” + sign + change + “

”
 + “” + time + “

”
 + ““); }}); $ (‘.finanza-Right-art .TabellaDati’). Trigger (‘dataloaded’); }, DataType: “json”, error: function (XHR, status, error) {console.log (status + “” + error); }});