President of the European Central Bank (ECB), Mario Draghi, today held optimism about the future of the eurozone economy and its Greek partner, while acknowledging that the Central Bank is studying all cases and possible risks.
Draghi said in the same line as in his last public appearances that the eurozone economy is gaining “momentum” and noted that credit begins to reach homes and businesses, ie the real economy thanks to better financial conditions for the credit.
In his speech to the Committee on Economic and Monetary Affairs of the European Parliament, Draghi defended the good effects of bond buying program of 60,000 million euros per month applied earlier this month and said “is functioning smoothly.”
Despite these “positive” LBOs, Draghi made a notice to mariners and pointed to the capital “should not distract anyone at the time to continue contributing to own measures, “referring to structural reform programs.
Asked about his views on the future of Greece, just 72 hours after the” mini-summit ” between Greek Prime Minister Alexis Tsipras, and its main creditors of the eurozone and the European institutions, Draghi said “confident” that negotiations between Greece and its partners are conducted with “good will” and concluded “satisfactorily”.
The Italian economist made it clear however that Greece must specify their reforms “that political dialogue start again.”
The ECB president reiterated the message that Tsipras Greek government “must commit to respect the obligations of debt with creditors and must comply with all measures to respect this compliance.”
About the state of Greek banks, the head of the Central Bank Eurozone stressed that it is “better off than before the crisis, with higher levels of capital”.
At the same time, asked MEPs whether the ECB will consider all the risks and cases including euro exit, Draghi said the ECB “is studying closely any potential risk to the stability of the euro zone.”
“We risk managers who constantly analyze a number of assumptions, is normal practice at the ECB, “he said.
Draghi referred only obliquely to the new ECB premises, which was his first public appearance after protests by its opening last week in Frankfurt ( Germany) driven by the “Blockupy” movement and ended with 35 injured.
MEP Marisa Matias, the Portuguese Communist Party, used to reproach him their president the cost of building 1,200 million euros.
“You will very concerned about the additional costs of others but your own little” snapped Matias, who also accused Draghi had “blackmailed Greece.”
Draghi replied that the ECB is limited to enforcing the rules and that the institution, the largest creditor of Athens, has 1,400 million euros in Greek government bonds of debt, over 50% of the Mediterranean GDP.
“So, what kind blackmail is this? Judge for yourselves. We have not created any special rules for Greece, were there and you have applied, nothing more, “he snapped.
Also was criticized Draghi new MEP can, Miguel Urbán, who in his first address to the committee criticized the ECB “has no democratic control and has become a shadow government.”
To a question from another Spanish, Jonah Fernandez (PSOE), the ECB president did not rule using remaining benefits arising ECB other objectives, such as the Community budget.
© EFE 2015
© ZGS 2015
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