January 14, 2015, 14:38 Berlin, Jan 14 (PL) The president of the European Central Bank (ECB), Mario Draghi, said today that the company is ready to buy sovereign debt in the euro countries and face low inflation in the area.
All members of the governing council are determined to correspond to our mandate, said in an interview with the German weekly Die Zeit, which he stressed the interest of combat low cyclical weakness of the monetary union.
We are in a situation in we should go lower interest rate but that leadership can no longer do. At this point we must resort to unconventional measures, ie change the size and composition of the balance of the bank, said the owner.
The governing council of the ECB will meet on January 22 to discuss on monetary policy and is expected to be at that time when the state purchase program and business loans, known as quantitative easing is announced.
Supporters of the measure believe that serve to enhance the economic situation and ultimately, end the dangerous low inflation, so back to the objective of price stability the ECB set almost two percent.
Although the ECB may apply quantitative easing views to avoid deflation in the euro area should still expect the final sentence of community justice.
This Wednesday was a step forward in this direction since the lawyer Pedro Cruz, the Court of the European Union, issued an opinion stating that the program to buy government debt is in principle compatible with the treaties of the
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