Dragons attacked by a protester of ‘Blockupy’ – Il Sole 24 Ore

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This article was published April 15, 2015 at 14:47.
The last change is the April 15, 2015 at 15:39.

Conference with a twist for the ECB president. Mario Draghi was attacked by a protester movement Blockupy, who threw confetti and asked to “stop the dictatorship of the ECB.” The press conference was interrupted for a few minutes, then resumed. The young protester was immediately taken away by security men. Draghi, not shaken by the episode, he resumed saying, “We continue from where I stopped.” The president went on to explain that “the recovery in the eurozone is accelerating, as shown by the most recent indicators, and risks have become more balanced.”

Blockupy and the previous March
In March movement Blockupy had already targeted the ECB, creating unrest in the square at the inauguration of the new headquarters of the Bank in Frankfurt.

The dynamics of aggression
The protester jumped with both feet on the desk where he usually sat and ECB president, shouting slogans against the Eurotower has thrown him a bag of confetti. Draghi tried to protect themselves with their hands while the bodyguards blocked the protester and away and did “shield” to Draghi himself. To access the briefing of the ECB must have a credit of a newspaper (radio, TV, newspaper or agency): evidently the young protester was able to get it.

Dragons expected sustained increase in inflation
The developments of the situation, said the number one ECB Continuing the work of the meeting, will lead to “a sustained rise in inflation.” The “our monetary policy measures,” adds Dragons, “will help inflation to rise close to but below 2%.”
“Based on the information available – adds Dragons – and future oil prices, inflation will remain very low or even negative in the coming months. Helped by the favorable impact of monetary policy on aggregate demand, the weakening of the euro and rising budgeted oil prices in the coming years. Inflation rates are expected to rise instead of the end of 2015 and further increased in 2016 and 2017 “.

The Qe be fully implemented
A significant step on Qe. “Looking ahead – Draghi said – we need to focus on the full implementation of our monetary policy,” and that is the Qe. According Dragons’ through these measures contruibuiremo to a further improvement in the economic scenario, with a reduction of economic stagnation and a recovery in demand for credit. ” Draghi then clarified that “there are signs of” bubbles “of markets and asset.”

Next with reforms work and productivity
The “cyclical recovery” of ‘Eurozone economy, stimulated by the “quantitative easing” of the ECB, should be accompanied by a political contribution made by appropriate structural reforms. “To reap the full benefits of the recovery – said Draghi – all areas of policy should make their contribution,” repeating the call to review the labor market and take measures to stimulate growth, reforms in some countries have to “earn rhythm. ” At the same time, continue to monitor public accounts with tax policies that ‘fully respect’ the Stability Pact ‘and growth, a factor’ key to confidence. Fiscal policies must “support the economic recovery, while remaining within the Stability and Growth Pact.”

Greece, Draghi: “I do not consider hypotheses default”
“I will not even take into consideraizone” the hypothesis of a default on payments by Greece ” said the president of the ECB. The question on the economic policy decisions of the country depends on the government, he added, that until now has always shown a willingness to honor payments. The ability to “cut to the greek debt was cited but not been discussed” during today’s meeting the Governing Council of the ECB. “We will return to this issue at the appropriate time.”

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