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ECB: Tajani, I would advise you to be more cautious on rates


In Italy and Europe, inflation is brought down by capping the price of gas, not capping the cost of money". (ANSA)

"Exogenous inflation cannot be fought by continuing to raise interest rates, because then growth pays a price. In Italy and in Europe, inflation is brought down by capping the price of gas, not by capping the cost some money".


Antonio Tajani

, Deputy Prime Minister and Foreign Minister speaking at the two days of Feuromed in Corso Napoli.

"In its independence - added Tajani - I would advise the ECB to be more cautious, as many representatives of that free institution have done because this also affects action in the Mediterranean, where companies must be put in a position to be able to compete".

"During the announcement of the interest rate increase of 0.50 the other day - Tajani later added, returning to the topic on the sidelines of the event with the reporters - there was no more talk of new decisions in this direction and therefore we are going in the direction indicated by the governor of the Bank of Italy Visco which I agree with as well as that of the president of the Italian banking association Patuelli".

Putin withdrawing troops from Ukraine would favor peace

- "I believe that as a first reaction Putin should withdraw Russian troops from Ukraine, it would be the right thing that would favor peace and it would be a positive signal for everyone".

This was stated by the Deputy Prime Minister and Foreign Minister, Antonio Tajani, commenting on the arrest warrant issued by the International Criminal Court (ICC) in The Hague against the Russian President as "responsible for the war crime of illegal deportation of population (children ) and illegal transfer of population (children) from occupied areas of Ukraine to Russia".

Speaking on the sidelines of Feuromed, Tajani underlined that "war crimes must always and in any case be prosecuted by justice. It is always necessary to ascertain the facts and those responsible, after a trial,

With instability in the Mediterranean area, thousands of deaths risk

- "The Mediterranean area is experiencing a phase of instability. There is a risk of enormous migration crises with thousands of deaths from those routes, as well as from the Balkan ones".

This is the risk feared by the Deputy Prime Minister in Naples, assuring that "We are working to ensure that the Italian presence is stronger in this part of the world, looking at Africa not with the eye of the colonizer, but with that of friendly people, helping and encouraging growth of those territories to then purchase materials at advantageous prices but only by virtue of signed agreements".

Source: ansa

All life articles on 2023-03-18

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