Dragons, Europe must commit against insecurity – AGI – Agenzia Giornalistica Italia

Brussels – The european institutions cannot “simply wait for better times: we must renew our efforts to ensure that the economic and monetary Union offers protection and prosperity: the Ecb will do its part”. He said in Brussels the president of the Ecb, Mario Draghi, during the “monetary dialogue” in the european Parliament. Citing the intervention of a”friend and colleague” disappeared, Carlo Azeglio Ciampi, Draghi reminded us that “political commitment in support of our single currency, it was strongly reaffirmed during the crisis”, but stressed that “the widespread feelings of insecurity, including economic insecurity, remain a major concern”.

the recovery in The Eurozone continues “at a moderate pace, and the constant” but with “a momentum lower than the forecast of last June.” He said in his speech to the european Parliament in Brussels, the president of the Ecb, Mario Draghi. The initial impact on the financial markets of the referendum which ratified the Brexit, he added, and, in particular, the initial decline in stock prices, and was “largely reversed”; and, more generally, markets in the Eurozone have proven to be “resilient compared to the global uncertainty and policy”. According to Draghi, yet again, the foreign demand will record a weakening compared to the previous estimate of June, and this should reduce the growth of exports”; according to the forecasts of the Ecb, the real Gdp growth in the Eurozone on an annual basis should be equal this year to 1.7% this year and 1.6% in the next two quarters. Inflation, he added, remains low, and will be equal this year to 0.2% to increase next year to 1.2%, but only because of the weakening of the effect of past declines in the price of oil. As for the spread, “the fragmentation has been reduced substantially and the conditions of loans to firms and households have improved in the euro zone”, reducing the differences in conditions between different countries.

The countries that are found to have limited scope for expansionary monetary policy should pay attention “to the composition more than the size of their public accounts. In particular, he said the president of the Ecb Mario Draghi responding to a question of the mep 5-Star Marco Valli during the monetary dialogue of the european Parliament and referring to the flexibility of the rules of the Pact of Stability and growth, “even if some of these countries have increased spending, the growth has not benefited: not necessarily hiring people because it does not do anything that increases the growth of a country”.

european markets closed in the red, in the wake of large losses in Deutsche Bank, and after that Mario Draghi in Brussels is to know that the european recovery has “less momentum”. The title of Deutsche Bank falls to historical minimum, and loses more than 6%, for the fear that the reserves of the bank are not sufficient to cover the sting Usa 14 billion and for the upset’ of the government of Berlin to help her. In the meantime, there is uncertainty on the outcome of the informal summit of the Opec in Algiers, and tension increases for the first tv debate between Donald Trump and Hillary Clinton. In Milan the Ftse Mib lost-dell’1,58% 16.192,48 points. The Ftse 100 in London down by 1.32% to 6.818 points, the Cac 40 of Paris cedes 1.8% to 4.407 points, the Dax in Frankfurt loses 2,19% 10.393 points. (AGI)