ECB MEETING

Draghi says “more ambitious” reforms needed in euro zone

ECB says it is “confident” about Spanish government’s ability to deliver

ECB President Mario Draghi at the press conference he held in Barcelona on Thursday. / ALBERTO ESTÉVEZ (EFE)

European Central Bank President Mario Draghi on Thursday called for more “ambitious reforms” in the euro zone, an exhortation that might well apply to Spain, particularly as regards its efforts to strengthen its banking system and rein in the public deficit.

“We note that progress is being made in many countries, but several governments need to be more ambitious. Ensuring sound fiscal balances, financial stability and competitiveness in all euro-area countries is in our common interest,” the ECB chief said.

Draghi was speaking at a news conference after the ECB monthly monetary policy meeting had taken place in Barcelona, a city that was heavily policed yesterday in response to fears of further protests against the government’s spending cuts and tax hikes, which experts fear will fail to achieve the aim of cutting the budget deficit from 8.5 percent of GDP to 5.3 percent this year because the economy has already slipped back into recession. There were no serious incidents reported as students marched in the city against cutbacks in the education sector.

Asked on the need for growth, Draghi said: “I certainly agree with your question when you say we have to put growth back at the center of the agenda, without any contradiction with the need to persevere in fiscal consolidation.”

Speaking specifically about Spain, the ECB chief said he had “full confidence” in the Spanish government’s ability to cut the deficit and strengthen its banking system but in central-bank speak let it be known that he would like things to be speeded up. “The track record is good,” he said. “We have no doubt whatsoever that the action will be taken and will be as speedy and transparent as in other countries.”

As expected, the ECB left its key intervention rate on hold at 1 percent, but did not rule out further easing. “The economic outlook continues to be subject to downside risks,” he said.

Comentar Normas

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

Últimas noticias

Ver todo el día

Justin Bieber, Sarkozy y otros seis hombres en apuros

El cantante se oculta, al expresidente le falta el aire, a Ashton Kutcher le superan como al mejor pagado... La fotos de la semana

La ‘Mona Lisa’ de Gúfeld

Eduard Gúfeld fue un hombre único Gran amante del ajedrez, era capaz de dar una conferencia magnífica en inglés aunque apenas conocía tal idioma Esta es su obra más inmortal

Aumenta la presión sobre el presidente de Guatemala

José Elías Guatemala

El Congreso deberá decidir en las próximas horas si procede juzgar por corrupción a Otto Pérez Molina en tribunales ordinarios

EL PAÍS RECOMIENDA

No, no tienes que beber ocho vasos de agua al día

El autor de un libro sobre mitos médicos explica por qué este se resiste a morir

El profesor de 26 millones de alumnos que cautiva a Gates

Khan ha agitado el mundo educativo con lecciones en vídeo y ejercicios gratis

Lo más visto en...

» Top 50


Webs de PRISA

cerrar ventana