French National Assembly today :
"The ECB’s monetary policy “will stay accommodative for the foreseeable future,” Draghi said today in a speech at the French National Assembly in Paris. “We have an open mind about all other possible instruments that we may consider proper to adopt.” An exit is “very distant,” he said at a press conference.".../...
Mario's wisdom of the day, “Monetary policy cannot create real economic growth. If growth is stalling because the economy is not producing enough or because firms have lost competitiveness, this is beyond the power of the central bank to fix.” (No it isn't liked to his geographical presence, absolutely not)
With in mind that Monetary policy includes instruments such as eurobonds and any QE related to it although this is just my personal wisdom...
Read the article here http://www.bloomberg.com/news/2013-06-26/draghi-says-deficit-cuts-in-euro-area-should-be-growth-friendly.html
urs?
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