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"In these times of increased global uncertainty, it is more important than ever that Europe remain united". Before the European Parliament, where he held a hearing, it is the President of the ECB, Mario Draghi, who warned of the risks facing Europe due to tariffs and the return of protectionist policies. Draghi's recipe is a more united Europe: "To maintain confidence and pursue economic expansion, we need to strengthen convergence and integration among euro area member states," he said.
down for growth prospects "mainly concern the threat of increased protectionism: a strong and united European Union can help take advantage of economic openness while protecting its citizens against globalization uncontrolled, "insisted the president of the ECB. "The EU – he added – can support multilateralism and global trade, cornerstones of growing economic prosperity over the last seven decades, but to succeed on the outside, the 39 EU needs strong institutions and sound economic governance. "
Draghi also tackled the euro area issue, at the center of the debate between European countries and a reform on the rise . "Risk sharing greatly helps to reduce risk," said Mr. Draghi, referring to the banking system and pending choices to complete the banking union (the central problem is the single deposit guarantee system) .
to an Italian MEP, Draghi also spoke of the yellow-green government. On the position of the Italian government on debt reduction and pension reform, "before the judgments are rendered, we must wait for the facts, for now there are only proclamations who have changed. to the facts. "
Problems for Italy with the End of Quantitative Easing?" We saw the market reaction to our decision and it was far from dramatic. "
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