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SAO PAULO-the President of the ECB (European Central Bank), Mario Draghi, stated this Wednesday (4) that economic indicators released in March confirmed the previous evaluation of the institution, that the economic activity in the Euro area stabilised at low levels and a moderate recovery should occur throughout the year. He made it clear, however, that the Outlook remains subject to risks of deterioration.
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In the transcript of the speech published on the Bank's website, Draghi also States that the rate of inflation in the block must stay above 2% in 2012, subject to high risks, which are prevalent. In the medium term, however, inflation should fall in line with the institution's goal, set to close, but below 2%. "The underlying pace of monetary expansion in the Euro area remains subdued," he added. Watch Euro 2012 Online
Draghi explains that the forecast of a moderate economic recovery is based on foreign demand, short-term interest rates very low, and all measures taken to encourage the proper functioning of the economic activity of the region. "However, the remaining tensions in sovereign debt markets and their impact on credit terms (...), in addition to the high unemployment in some parts of the block, must continue further damaging the underlying strength of growth," he said.
Monetary policy
Draghi commented that monetary policy measures adopted by the ECB, both conventional and the extraordinary, contributed to the stabilization of the financial environment.
"We need to carefully monitor future developments. It is also important to keep in mind that all one-off monetary policy are temporary in nature, and that all the necessary tools are available to deal with high risks to price stability over the medium term, adequate and firmly, "he said. The women's national team u-19 football today assured qualification for the European Championships finals, beating Belgium 2-1, in game played in Figueira da Foz.
The decisive goal was scored by Mónica Mendes, to 90 minutes, headed in following a free-kick from Tatiana Pinto.
In the first half, Portugal reached the advantage to 21 minutes by Vanessa Mallet, who, after a pass from the right, the opposition of direct object marker and isolated against goalkeeper Bellavia made the 1-0. The Belgium equalised 41 minutes by Van Loock, with a shot by way, a "bowler hat" that failed to halt, Saint Barbara, following a move by the left. Watch Euro 2012 Online
Danish striker was loaned to Sunderland this season, but still don't know if your future will mean London team. With a good European, Danish striker hopes to convince Arsène Wenger to rely on their services again.
«We will have the Euro in the summer and, after that, we'll see what happens. I like to play at Sunderland, but my friends are all in London», said, in statements to the tabloid The Sun.
It is recalled that, if the coach of gunners do not want the return of Bendtner, this could leave for about five million euros, Portuguese market accessible value, since the Danish was already pointed to Benfica, Sporting and Porto.
In the transcript of the speech published on the Bank's website, Draghi also States that the rate of inflation in the block must stay above 2% in 2012, subject to high risks, which are prevalent. In the medium term, however, inflation should fall in line with the institution's goal, set to close, but below 2%. "The underlying pace of monetary expansion in the Euro area remains subdued," he added. Watch Euro 2012 Online
Draghi explains that the forecast of a moderate economic recovery is based on foreign demand, short-term interest rates very low, and all measures taken to encourage the proper functioning of the economic activity of the region. "However, the remaining tensions in sovereign debt markets and their impact on credit terms (...), in addition to the high unemployment in some parts of the block, must continue further damaging the underlying strength of growth," he said.
Monetary policy
Draghi commented that monetary policy measures adopted by the ECB, both conventional and the extraordinary, contributed to the stabilization of the financial environment.
"We need to carefully monitor future developments. It is also important to keep in mind that all one-off monetary policy are temporary in nature, and that all the necessary tools are available to deal with high risks to price stability over the medium term, adequate and firmly, "he said. The women's national team u-19 football today assured qualification for the European Championships finals, beating Belgium 2-1, in game played in Figueira da Foz.
The decisive goal was scored by Mónica Mendes, to 90 minutes, headed in following a free-kick from Tatiana Pinto.
In the first half, Portugal reached the advantage to 21 minutes by Vanessa Mallet, who, after a pass from the right, the opposition of direct object marker and isolated against goalkeeper Bellavia made the 1-0. The Belgium equalised 41 minutes by Van Loock, with a shot by way, a "bowler hat" that failed to halt, Saint Barbara, following a move by the left. Watch Euro 2012 Online
Danish striker was loaned to Sunderland this season, but still don't know if your future will mean London team. With a good European, Danish striker hopes to convince Arsène Wenger to rely on their services again.
«We will have the Euro in the summer and, after that, we'll see what happens. I like to play at Sunderland, but my friends are all in London», said, in statements to the tabloid The Sun.
It is recalled that, if the coach of gunners do not want the return of Bendtner, this could leave for about five million euros, Portuguese market accessible value, since the Danish was already pointed to Benfica, Sporting and Porto.