(ANSA) - ROME, NOV 27 - "This possibility cannot be excluded".
Thus the member of the executive committee of the ECB, FabioPanetta, in an interview with the Portuguese weekly Expresso, answering the question whether there is a risk that some countries, such as Portugal, Spain or Italy, could be left behind in the recovery phase because of their lower leeway in public accounts.
"However, compared to the crises of the past, we have seen a very different range of interventions," he explains, warning that what "is crucial, now and in the coming months, is that countries use these resources quickly and effectively to finance investments and strengthen their growth potential ".
Panetta then reiterated that "the Executive Council of the Bank will examine the macroeconomic prospects and on the basis of such an analysis will recalibrate its instruments" in the upcoming December meeting.
"We must act without undue delay, to clear the field of any possible doubts about our determination to preserve price stability, our main mandate, and to avoid the un-anchoring of inflation expectations," he stressed.
(HANDLE).
