Saturday, October 8, 2016

Draghi: recovery in the eurozone continues to moderate speed – LOOP.it

growth in the euro area continued at a moderate speed. This was stated by the president of the Ecb, Mario Draghi, at the end of the meeting of the Imf. Draghi stresses that inflation remains low, but should speed up, with the achievement of the target of 2% between the end of 2018 and start of 2019. The president of the Ecb also reiterated that the qe, if necessary, will go forward until march and beyond. And on the Brexit observed: The short-term effects were less dramatic with the expected. But we do not know what will happen in the medium term.

in the Meantime, the minister of the Economy Pier Carlo Padoan reiterates the government’s position on the Italian growth. “Not changing my mind – stresses – on the forecast planned for 2017, on the contrary I confirm”. And explain that on Tuesday, the audition, take you to the evidence that “suffragheranno” the numbers.

“it’s Not our job to support the reputation of the Upb,” he said responding to a question on relations between the Government and the Office of the Parliamentary Budget after the divergences on the forecasts in the update note of the Def.

Padoan, deficit to 2.4%, if any, is required to Parliament – “the government in The Update Note of the Def has put the deficit at 2%, then he asked the permission of parliament to go up, possibly to 2.4% in order to cover the necessary resources” for the crisis of the migrants and the earthquake. This was stated by the minister of Economy, Pier Carlo Padoan, in answer to those who asked for a comment on the words of the european commissioner for Economic affairs Pierre Moscovici, according to which 2.4% “is not the number that we had in mind.”

Visco, problem is only some of the banks, the non-system – “The problem” for “the Italy concerning some banks. It is not a system problem. Visco also spoke about the Mps: “the plan of the Mps – it has observed – will not be a walk. It is rightly ambitious, and we all know this but it is marked the way ahead”.

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