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This article was published on 23 August 2014 at 18:13.
qulla the ECB governor Mario Draghi (accompany monetary policy to Frankfurt by exploiting the flexibility of the tax rules for national budgetary policies more favorable to growth, without increasing the deficit ) is a proposal for a “common sense” that follows the path taken by Italy. To say it is the President of the Council, Matteo Renzi, in an interview with RTV38, which airs tonight. Draghi, said the premier, “said he who makes the reforms and changes things that must change, as does Italy who needs it, has a duty rather than a right to put in place all the instruments of flexibility that there are. ” We added Renzi, “will respect the 3% rule but let’s say that the EU can not only be cuts, restrictions and spread.”
Satisfied with the substantial go-ahead of the summit of the ECB’s strategy Italian Government’s Minister of Economy Pier Carlo Padoan, recalling that the proposal of the President of the European Central Bank made yesterday at the Jackson Hole Symposium organized by the Federal Reserve in Kansas City and dedicated to the labor market constitutes “a design of economic policy strongly in tune with the guidelines put forward by the Italian presidency of the EU. ”
For Padoan, “Draghi’s message is very clear: to create jobs in Europe must act on the demand side with monetary policy, it is doing and will do much with fiscal policy in the context of spaces already available today, and with a strong policy of stimulating investment. But it is also essential – yet clear Padoan – a strong action on the supply side, with an effective and credible strategy of structural reforms including the labor market. And this – he concludes – is the task of governments. ”
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