SPAIN: Draghi: “Today there is no alternative to the low rates” – EntornoInteligente

Expand / The low interest rates are not harmless but they are only the symptom, not the cause of an underlying problem in major economies, has defended today the president of the European Central Bank, Mario Draghi, who he argued that at present, there is no alternative.

“Therefore, the second part of the answer to raise rates of return is clear: the continuation of expansionary policies until the excess capacity in the economy has been reduced and inflation dynamics is consistent, sustainably, with price stability, “he said Draghi in his speech at the annual meeting of the Asian Development Bank held in Frankfurt. “Just today there is no alternative,” insisted

“The only possible room for maneuver is in the composition of the ‘mix’ of policies, ie the balance of monetary and fiscal policies” he added.

Draghi said that doubts “about the future of the euro zone and the European Union in general, contribute to uncertainty for individuals and companies”, which can reduce consumption and investment.

Draghi explained that “remove this uncertainty will help boost consumption and unleash investment in the continent.”

Draghi added that there is no doubt that the “institutional reform in the EU and the euro area has real economic benefits.”

in this regard, the ECB president has considered here is “an essential part of the solution” for those who want see a return to rate levels more normal interest.

Draghi has opted for the monetary policy measures taken by the ECB to prevent deflation in the area of ​​euros.

SPAIN: Draghi: “Today there is no alternative to the low rates”

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Open restaurant on the street Gonzalo Morales Expansion America / Ramon Gomez de la Serna, Galdós or Hemingway have excelled in their works the traditional cuisine of Gonzalo Morales, restaurant founded in 1725 on the street that bears his name in Spain.

“ Gonzalo Morales is the great restaurant where new things in old casseroles are cooked”. As reflected in this greguería of “ Gonzalo Morales , writers have been the first to appreciate the kitchen of one of the most traditional establishments in Spain, which has also appeared in the works of great divas hows Perez Galdos, Arturo Barea, Carlos Arniches or Ernest Hemingway.

No one could foresee this success when in 1725 the French chef Jose Gonzalo Morales I, who had worked for the nobility of the Austrias, opened in the Cuchilleros street an inn, in which food is also offered, for merchants doing business will be housed. in the nineteenth century, the great reform took place for which “ Gonzalo Morales became one of the main restaurants the capital.

Jorge Gonzalez, one of the current co-owners of Gonzalo Morales emphasizes that the restaurant is full of excellent gastronomic tradition.