The president of the American Federal Reserve Janet Yellen and ECB President Mario Draghi at the conference in Jackson Hole. Photo Reuters / David Stubbs
Eurozone countries would do well to apply in order to promote. economic recovery in the eurozone do about the European fiscal rules more flexible That the President of the European Central Bank (ECB) Mario Draghi said at the annual conference of central bankers in Jackson Hole American.
Pre was whether Draghi would say about support from the ECB to countries by buying up debt. Anything As inflation rises and the economy in the eurozone last second quarter did not grow, the call sounds do so more often. Especially France and Italy would like to see happen. But Draghi said little concrete whatever is pointed in that direction, except that the ECB “stands ready to further adjust the policy” to help in their recovery countries:
“It would help if fiscal policy can play in addition to monetary policy a larger role, and I believe that there is space.”
according to NRC -economieredacteur Hanneke Chin -A-Fo he was not referring hence releasing the three percent standard:
“He pleaded called for more flexibility in the use of the existing rules. Thus there release money for the necessary structural reforms that some euro area countries have to make. “
So said Draghi during his speech that in some countries, unemployment remains high by certain traditions and that countries themselves unemployment must address. He argued that governments should allow firms to adjust salaries and the number of staff they employ more freedom. He cited as examples of Spain and Ireland.
“No fiscal or monetary adjustment outweighs the necessary structural reforms needed in the eurozone.”
Read the article ‘Continue and stop cheap money’ (€) on the meeting of central bankers in Wyoming to promote economic recovery. worldwide
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- fiscal rules
- three percent standard
- European Central Bank
- eurozone
- Mario Draghi
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