Economic prospects in the euro area improved – Portafolio.co

The ECB president inst & oacute; European governments to take this best & iacute; to to carry out structural reforms

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AFP & nbsp;

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ECB president urged Europeans to take this improvement to carry out structural reforms governments.

“A cyclical recovery provides almost perfect conditions for governments to be launched in a more systematic way to consolidate structural reforms the return to growth, “he added.

Draghi stressed that while a recovery for now outlined” the growth potential is expected to stay well below the growth rates before the crisis, “and that’s why reforms are needed. For the second year, the ECB invited central bankers and economists from around the world to Sintra, 25 kilometers from Lisbon, for a conference dubbed this time “Inflation and Unemployment in Europe”.

While inflation is clearly the first mission of the ECB, which is currently focused on making it up through an ambitious program of buying debt, not reducing unemployment figure in the missions of the institution, contrary to its US counterpart, Fed.

This did not prevent Mario Draghi considered “as guardian of the currency”, had a “legitimate interest” in claiming the implementation of structural reforms, especially in the labor market, which would strengthen the recovery and resilience of the euro area to shocks.

Far from providing “marginal profit”, “structural reforms today can release a untapped potential for significant gains in output, employment and welfare and [...] this would have a crucial to ensure that the current cyclical recovery role is strengthened, “he said. “The sooner you do, the better,” he said.
AFP