Cgia: Quantitative easing by the ECB, 150 billion to Italy – The Republic

MILAN – With the Quantitative easing Italy should receive from the ECB up to 150 billion euro. The figure has estimated the CGIA Mestre that detects how this will counter the credit crunch. According Cgia the last three years the families and Italian companies have contracted in the provision of loans amounting to 110 billion euro.

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While waiting, then, that from tomorrow shots the new operation on Quantitative easing the Cgia notes that between 2011 and the end of 2014 the long-term refinancing operations launched from Frankfurt allowed Italy to receive 305 billion of loans (25% of the total disbursed in the euro area). If in December 2011, the ECB has provided to our credit system with 116 billion LTRO 1, a few months later (February 2012) has been joined by other 139 billion, thanks to the operation LTRO 2. In more recent times, finally, the Tltro 1 (September 2014) and with Tltro 2 (December 2014) Italy has seen 23 and 27 billion euro.Misure, these – remember the Cgia – that unlike the first two had a bond or the funds should only finance the real economy (households and businesses).

However, signals the Cgia, “operations LTRO and Tltro have not yet allowed a resumption of lending to our economic system, although in ‘Last year there was a slowdown of the credit crunch; between the end of 2013 and the same period of 2014 loans in Italy decreased by 0.9%, going 1401.7000000000 to 1388.8000000000 euro. ” Now with the “Quantitative easing – detects the secretary of Cgia Giuseppe Bortolussi – the ECB is committed to purchase securities of the public and private sectors for a total amount of 60 billion Euros per month.”

The hope of the artisans Mestre is that the funds allocated to Italy they return liquidity to the economic system of our country in the last three years witnessed a contraction the credit was 7.4%: in valora absolute, therefore, the loans have fallen to 110 billion euro.

Arguments:

quantitative easing

bce

Cgia

loans

Credit crunch

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