History of the article
Close
This article was published March 17, 2016 at 19:35 hours.
the last change is the March 17, 2016 at 20:28.
the euro area economy “is picking up, but with a loss of momentum, we see signs of improvement in several areas, in the work, but credit risks remain to the downside and some risks have intensified since the beginning of December, “said the President of the ECB Mario Draghi, with an unusual brief statement as he left the European Council, where He attended the meeting of heads of state and government of the EU. “That is why last week the ECB Governing Council took important decisions and approved a rather full-bodied package whose primary objective is to merge the real economy financing. The Council – reiterated Dragons – expects interest rates to remain at current levels or lower for an extended period of time, and well beyond our securities purchase program. ” And “if the outlook were to change the ECB is prepared to use all appropriate means”.
Dragons left Justus Lipsius building after European leaders made clear “that although monetary policy is the only policy who led the recovery in recent years, can not address some underlying structural weaknesses. ” That’s why, this is the conclusion of the Dragons reasoning “structural reforms are needed that must be primarily aimed at increasing the level of demand, public investment and lower taxes.”
Another very important passage of Draghi’s statements: need “clarity on the future monetary union.” And decisions must be taken immediately. “I told the leaders quite clearly, even if the reforms are not progressing as quickly as we hope, this is not a good excuse to do nothing.” For some time the number one of the Central Bank insists on completing and strengthening the eurozone. Stalling again, in a situation of growth stunted and vulnerable financial markets, the risk that Europe can not afford.
© ALL rIGHTS RESERVED
Permalink
No comments:
Post a Comment