Ukraine should be given candidate status for European Union membership, Emmanuel Macron, Olaf Scholz and Mario Draghi affirmed on Thursday during a visit to Kyiv.
Granting the status to Ukraine is "a strong, quick, expected gesture of hope and clarity that we want to send to Ukraine and its people," the French leader said during a joint press conference following a meeting with the Ukrainian President Volodymyr Zelenskyy in the late afternoon.
In a visit to Irpin, one of the suburbs of Kyiv devastated at the start of the war by Russian troops on the capital, the French president defended himself against any "ambiguity" in his support for Kyiv, having been heavily criticised for saying that Russia should not be "humiliated".
Br>
He said Ukraine must be able to resist and prevail against the Russian army. "France has been at Ukraine's side since day one (...) we stand by the Ukrainians without ambiguity," he said.
He stressed however that the status would be accompanied by a "roadmap" that would include "conditions".
Read more at:
Ukraine war: Macron, Scholz and Draghi back EU candidate status for Ukraine | Euronews
Showing posts with label Draghi. Show all posts
Showing posts with label Draghi. Show all posts
2/25/21
Italy: With Draghi, Italy has a chance to set aside Conte’s economic misadventures - by Jean Jacques Handali
While Conte may have been independent of his populist backers on paper, his economic policies nonetheless reflected the dirigism of the Five Stars who brought him to power. Conte took advantage of his "golden powers" to launch heavy-handed state interventions in the economy. These include a push to have Milan-based Unicredit buy the state’s share of Monte dei Paschi di Siena; the re-nationalization of failing national carrier Alitalia; the hostile takeover of toll road operator Autostrade per l’Italia; and the state’s insistence that broadband operators Telecom Italia (TIM) and Open Fiber merge into one company.
Thanks to Matteo Renzi, Conte is now leaving each of these dossiers half-finished. As Italy looks to Draghi, one of its most renowned financial minds, to lead the country out of dual financial and public health crises, one of the new premier’s first decisions will be whether to continue Conte’s statist economic policies. In both Rome and Brussels, many hope – and expect – the answer will be a simple "no".
Read more at: https://www.euronews.com/2021/02/20/with-draghi-italy-has-a-chance-to-set-aside-conte-s-economic-misadventures-view
Thanks to Matteo Renzi, Conte is now leaving each of these dossiers half-finished. As Italy looks to Draghi, one of its most renowned financial minds, to lead the country out of dual financial and public health crises, one of the new premier’s first decisions will be whether to continue Conte’s statist economic policies. In both Rome and Brussels, many hope – and expect – the answer will be a simple "no".
Read more at: https://www.euronews.com/2021/02/20/with-draghi-italy-has-a-chance-to-set-aside-conte-s-economic-misadventures-view
2/12/21
Italy: Draghi: Call of duty for Italy's 'Super Mario' - by Mark Lowen
"The thing about Mario Draghi is that when he ran up the pitch, he would always pass the ball - he was generous like that," reflects Staffan de Mistura, a UN diplomat and school friend of Italy's likely next prime minister.
"Mario was a team player. Not the best footballer we had but a good one - and he always had a strategy, he knew which way to turn."
Read more at: Draghi: Call of duty for Italy's 'Super Mario' - BBC News
"Mario was a team player. Not the best footballer we had but a good one - and he always had a strategy, he knew which way to turn."
Read more at: Draghi: Call of duty for Italy's 'Super Mario' - BBC News
12/4/16
EU: ECB caught in monetary policy maelstrom
The European Central Bank (ECB) has done everything in its power to fuel inflation and boost economic growth, but has had limited success. Now, risks and side effects are becoming more evident.
During the height of the euro crisis in the summer of 2012, European Central Bank chief Mario Draghi pledged he would save the euro "whatever it takes." His rhetoric abruptly quieted down financial speculation against several eurozone member states.
Thereafter, the ECB cut interest rates until its key refinancing rate hit zero percent this spring. In addition, commercial banks holding money with the ECB are being punished with a negative deposit rate. Moreover, the central bank supports struggling banks with emergency loans and free credit. After all, the ECB has launched a massive asset-buying program, also known as Quantitative Easing (QE) in the spring of 2015, meaning the bank acquires government and company debts at large scale, thus effectively printing and circulating more and more money.
Not surprisingly, Draghi appears happy with his extremely accomodative monetary policy. After all, inflation, credit volume and economic growth have all been on the rise in the eurozone, if only modestly. But take a closer look and it's hard to share Draghi's optimism. The return of inflation at very low levels - the last number was 0.5 percent - can be primarily traced back to rebounding price of crude oil and groceries.
By contrast, eurozone members fiscal policies have had precious little little effect on those mark-ups. The gush of newly-minted euros, instead, is keeping "zombie banks" and "zombi companies" artificially alive, as it fails to kickstart anemic growth in the euro currency area..
It isn't entirely speculative, therefore, that the ECB's monetary policy is part of the problem, not the solution. Deutsche Bank economist Stefan Schneider told DW that the willingness of eurozone governments to reform their economies has "markedly dropped after Draghi's whatever-it-takes announcement, especially in countries at the bloc's southern periphery" - a fact that has also been substantiated by OECD analyses, he adds.
The Organisation for Economic Cooperation and Development has found that higher interest rates before the 2012 debt crisis, had forced governments of crisis states to implement more than half of OECD's recommended growth initiatives. Last year, however, this share dropped to below 20 percent. This shouldn't come as a surprise: Draghi's promise, in conjunction with the bond purchase program, has minimized the difference in interest rates between German sovereign debt and those of crisis-hit states in the south of Europe. Without psychological strains, it is doubtful that politicians will go through with unpopular reforms when there is no fiscal pressure.
Read more: ECB caught in monetary policy maelstrom | NRS-Import | DW.COM | 02.12.2016
During the height of the euro crisis in the summer of 2012, European Central Bank chief Mario Draghi pledged he would save the euro "whatever it takes." His rhetoric abruptly quieted down financial speculation against several eurozone member states.
Thereafter, the ECB cut interest rates until its key refinancing rate hit zero percent this spring. In addition, commercial banks holding money with the ECB are being punished with a negative deposit rate. Moreover, the central bank supports struggling banks with emergency loans and free credit. After all, the ECB has launched a massive asset-buying program, also known as Quantitative Easing (QE) in the spring of 2015, meaning the bank acquires government and company debts at large scale, thus effectively printing and circulating more and more money.
Not surprisingly, Draghi appears happy with his extremely accomodative monetary policy. After all, inflation, credit volume and economic growth have all been on the rise in the eurozone, if only modestly. But take a closer look and it's hard to share Draghi's optimism. The return of inflation at very low levels - the last number was 0.5 percent - can be primarily traced back to rebounding price of crude oil and groceries.
By contrast, eurozone members fiscal policies have had precious little little effect on those mark-ups. The gush of newly-minted euros, instead, is keeping "zombie banks" and "zombi companies" artificially alive, as it fails to kickstart anemic growth in the euro currency area..
It isn't entirely speculative, therefore, that the ECB's monetary policy is part of the problem, not the solution. Deutsche Bank economist Stefan Schneider told DW that the willingness of eurozone governments to reform their economies has "markedly dropped after Draghi's whatever-it-takes announcement, especially in countries at the bloc's southern periphery" - a fact that has also been substantiated by OECD analyses, he adds.
The Organisation for Economic Cooperation and Development has found that higher interest rates before the 2012 debt crisis, had forced governments of crisis states to implement more than half of OECD's recommended growth initiatives. Last year, however, this share dropped to below 20 percent. This shouldn't come as a surprise: Draghi's promise, in conjunction with the bond purchase program, has minimized the difference in interest rates between German sovereign debt and those of crisis-hit states in the south of Europe. Without psychological strains, it is doubtful that politicians will go through with unpopular reforms when there is no fiscal pressure.
Read more: ECB caught in monetary policy maelstrom | NRS-Import | DW.COM | 02.12.2016
Subscribe to:
Posts (Atom)