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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 12 September 2014 [View all]xchrom
(108,903 posts)26. Draghi Says Investment Rebound Needs Reform and Stimulus
http://www.bloomberg.com/news/2014-09-11/draghi-says-investment-rebound-needs-both-reform-and-stimulus.html
Investment in the euro areas economy will only return to pre-crisis levels if governments work with the European Central Bank to achieve reforms and stimulate growth, ECB President Mario Draghi said.
A decisive rise in investment is essential to bring inflation closer to where we would want to see it, to stimulate the economy, and to bring down unemployment, Draghi said at an event in Milan late yesterday. No monetary stimulus, indeed no fiscal stimulus, can be successful unless accompanied by the right structural policies -- policies that foster potential growth and instill confidence.
Since June, the Frankfurt-based ECB has cut interest rates, pledged cheap bank loans, and committed to purchasing private-sector debt in a bid to rekindle lending and fend off deflation. At the same time, policy makers are urging governments not to drag their feet on measures to free up labor markets and boost demand.
The level of business investment in the euro area has only slightly improved since 2008, whereas in the U.S. it is above its pre-crisis level, Draghi said. We will not see a sustainable recovery unless this changes.
Investment in the euro areas economy will only return to pre-crisis levels if governments work with the European Central Bank to achieve reforms and stimulate growth, ECB President Mario Draghi said.
A decisive rise in investment is essential to bring inflation closer to where we would want to see it, to stimulate the economy, and to bring down unemployment, Draghi said at an event in Milan late yesterday. No monetary stimulus, indeed no fiscal stimulus, can be successful unless accompanied by the right structural policies -- policies that foster potential growth and instill confidence.
Since June, the Frankfurt-based ECB has cut interest rates, pledged cheap bank loans, and committed to purchasing private-sector debt in a bid to rekindle lending and fend off deflation. At the same time, policy makers are urging governments not to drag their feet on measures to free up labor markets and boost demand.
The level of business investment in the euro area has only slightly improved since 2008, whereas in the U.S. it is above its pre-crisis level, Draghi said. We will not see a sustainable recovery unless this changes.
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