Draghi: growth starts again, but it is too low and needed reforms – Il Sole 24 Ore

May 22, 2015

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Rome (askanews) – The economic outlook of the euro zone are now “better than they have been for the last seven long years of crisis.” And the annual meeting of the ECB in Sintra, Portugal, President Mario Draghi launched encouraging signs: “The growth is rafforzando- said -. Monetary policy is gaining momentum in the economy” But meanwhile, just after the long crisis, the growth potential of the area is now finished below 1 percent. Concretely it means that you risk a permanent structural unemployment above 10 percent. And for young people also peggio.La slow growth makes it even more difficult to reduce public debt. Precisely for this “is when I’m president of the ECB – said Draghi – who again appeals to accelerate reforms” .Peraltro can have positive effects already in the short term place to be “carefully chosen”. Draghi has cited the example of Germany in the labor market: if you want to maximize the benefits of reform have to leverage on schedules and wages, rather than layoffs. And during the crisis, he added, in several countries we have seen that companies that could make use of contracted decentralized reduced employment within the constrained domestic contracts.

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