– “The recovery in the euro area has started and is wider and stronger than before.” This was stated by the president of the ECB, Mario Draghi, noting that to push the growth are the low oil prices and monetary policy decisions. “The Eurozone banks – he added – are now more healthy and capable of transmitting the monetary policy decisions to the real economy.” “Betting against the euro has no sense,” he said.
“It ‘a choice no sense, if you want to do it well” he added Draghi, ensuring repeat “word for word” what was said in 2012, when he declared that the euro is irreversible. The scenario has changed since then: the euro area – said Dragons – is experiencing a recovery that is strengthened and “we are better equipped than in 2012 and 2010″, being able to use the tools of the ECB if necessary in a crisis.
But – warns Dragons – the ongoing recovery should not be compromised: serve progress on fiscal sustainability and structural reforms otherwise macroeconomic risks, which fell, could return to rise. And if the Greek situation worsens, warns, “we would be in uncharted waters.”
Chapter Greece – E ‘premature to speculate about a Greek exit from the euro, then said Draghi. It would be better to have Greece in good health, but now “we are better equipped than in 2012 and 2010″. “All we want Greece to be successful, and this success is in the hands of the greek government,” he added.
Growth, fiscal sustainability and financial stability: this is the one on which should point to the package of measures Greece says still Draghi, noting that although the euro area is better equipped than before, in case of a crisis would be in “uncharted waters”.
Padoan: Italy oasis of good news – Meanwhile Minister Padoan from Washington defines Italy “oasis of good news,” to describe the reform efforts that our country is doing compared to others on the reform front. A “bright spot”, as he called the number one in the International Monetary Fund Christine Lagarde.
“It is not true that the debt continues to grow,” Padoan strongly emphasizes: “This year stabilizes, then continue to fall at a sustained rate. ” Remember therefore how “in Def there ‘written clearly that for 2016 Italy invoking the structural reforms that allow a path more’ slow adjustment to structural balance, which will be ‘reached in 2017″. “So – I repeat – we are fully within the scope of European rules ”.
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