Frankfurt, April 15, 2015 – Moments of high voltage to the ECB, when a young “activist” is suddenly jumped on the desk from which the President Mario Draghi was holding the usual press conference post directory. Staged a protest shouting “stop the dictatorship of the ECB” and throwing confetti on the central banker stunned, because obviously caught off guard, until it was taken away acciuffata and weight – with its obvious and amused satisfaction – by security institution. A few long seconds, captured by the cameras of numerous media present who quickly gone around the world , creating an obvious embarrassment to the security service institution, a few months moved to new mega home , built on former general markets in Frankfurt.
SLOGAN – The 21 year-old German, Josephine Witt , a native of Hamburg, has not attempted any physical aggression to Draghi, but has managed smoothly to literally jump in front, incombendogli on for several seconds while the innondava confetti accompanied by his slogan . The slogan then, “end the dictatorship Ecb” , was repeated on his shirt with a play on words. The term dictatorship in English was in fact distorted “dick-tatorship”, perhaps in reference to a feminist message mentioning the word “penis” in English (dick).
MORE THAN SAFETY CHECKS – The ECB has subsequently pointed out that “as all visitors entering the building had passed a check of identity, a metal detector and an X-ray scanning on his bag . The President Mario Draghi was unhurt and has quietly continued with the press conference. ” And indeed Draghi reprized his artwork with his imperturbable phlegm, giving as the only comment I would try to recover the lost time. The event closed with an unusual short liberating applause by journalists and operators, that Draghi thanked calling it “very encouraging”.
FEMEN BUT INDEPENDENT – L ‘Femen activist is part of the collective. The Witt is very famous in Germany for broken Christmas Mass of 2013 in the cathedral of Cologne going up on the altar topless . Josephine Markmann real name, is a student of philosophy, that only the beginning of 2013 he joined the Femen, who own on 10 April hano celebrated their first 7 years. But she says: “The attack on the confetti was not a protest of Femen, sorry girls.” “I consider myself an activist independent” , explains the twenty-one German. “I must say that the security service of the ECB is as good as that of Putin,” said still doing irony.
THE PRESS CONFERENCE – The application of the program ‘quantitative easing’ ECB “proceeds smooth, in line with the announced volume of 60 billion Euros per month ” and the measures taken “are proving effective,” as evidenced from relaxing the conditions and financing costs and the growth of credit flows to households and businesses, in the face of a credit application “increased significantly,” said Draghi, once again the intervention. The purchases of government bonds by the ECB “will continue up to September 2016 , and in any case up to that inflation will not be rising in line with price stability” .
RISKS DOWN – “While remaining facing downward risks to economic development in the euro area have become more balanced thanks to recent monetary policy decisions, to decline in oil prices and a weaker euro , “continued the number one Eurotower.
NO Grexit – ECB President” in this time “does not intend” even consider “ the possibility of a Greek exit from the euro and the executive Hellenic” appears the same opinion. ” Draghi stressed that the fate of Athens “depends around” by his government and how the ECB is ready to restore the exemption that allowed her to buy Greek government bonds despite the rating ‘junk’ , not just “there will be conditions”, ie as soon as the inspectors of the International Monetary Fund will not be expressed positively on the implementation of ongoing reforms in Greece.
THE RATES – “No,” replied the ECB president when asked if the Eurotower could contemplate further decreases in deposit rates negative if, as a result of Qe, were to raise government bonds with negative returns. The European Central Bank left the main refinancing rate at a record low of 0.05% . The marginal lending rate and the rate on bank deposits are respectively 0.30% and -0.20%.
THE LABOUR MARKET – The reforms of the labor market adopted by some eurozone countries have penalized young people, by downloading over them all flexibility, so “unfortunate” . Draghi said that in several member states, unemployment rates were “already high before the crisis.” “In order to increase flexibility, the conditions of those who have worked have not changed at all, while those who entered, there was a lot of flexibility,” he said Draghi, according to which a “disproportionate flexibility” has been downloaded “on the wing youth labor force “, which was” unfortunate “, so that” as soon as the crisis hit, the first to lose their jobs were young , which is why there are still unemployment rates youth so high. ” For the number one Eurotower must then “delete a dual labor market conditions, and ensure that flexibility is spread proportionately across all segments of the workforce.”
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