As the Italy of the Risorgimento “had need of Europe to grow, to progress, to feel better”, that of today “will continue to need it to face the challenges that will arise in the course of its existence”. To speak was the president of the Ecb Mario Draghi in Santena, in the metropolitan belt of Turin, on the occasion of the awarding of the Premio Cavour 2016, given to him in order to have maintained the independence of the Ecb. Premium equivalent (2.800 euro) was donated from a moving Dragons to the people of italy affected by the earthquake.
All the talk of Dragons was focused on the parallelism between the action of the statesman of the risorgimento and the challenges of today, for Europe and for Italy, in times of pressures, nationalistic and protectionist. Central to the concluding message that “international cooperation is the only way to govern problems that national States are now in a very long time to solve alone”.
Draghi: inflation is not growing enough. Increase of the Qe if the scenario worsens
Dragons has found that “especially when the situation is one of widespread instability, both at the national level and at international level, it is necessary to run to maintain firmly the power of political initiative. But it looks to the participation of other political forces and other governments as moments of force and non-sterile power-sharing”. The “Cavour”, he added, acted in a european context, suddenly destabilized by the revolutions of 1848″. And today “we are again in a phase of history in which Europe is moving, after the dissolution of the soviet bloc, the reunification of Germany, the effects of the sovereign debt crisis in the euro area, the output of the United Kingdom from the european Union, the geopolitical tensions in Eastern Europe. In different terms, today, as then, we could say that it is in search of a new established”.
Draghi called the four rules on the inflation “hawks” German
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No explicit reference by the president of the Ecb, to the global scenarios that arise from the settlement of Donald Trump at the White House. But a nod to the debate on the possible turn protectionist in the United States, you can read in the call to the economic program of Cavour, in which it was “central to the continued commitment to the reduction of customs barriers (achieved through a series of bilateral treaties) and for the integration of the markets, in the belief that the competition was the stimulus essential in order to raise production efficiency and promote technological progress” .
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