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Message complété le 10/03/2013 15:08:51 par son auteur.
Draghi: On the first question: as you have seen, markets – after some excitement immediately after the elections – have now reverted back more or less to how they were before. I think markets understand that we live in democracies. The euro area comprises seventeen countries. Each country has at least two sets of elections: national and regional. So that makes 34 elections over a time span of about three or four years. That’s democracy and it’s very dear to all of us. All in all, markets were less impressed than politicians and you. You also have to consider that much of the fiscal adjustment Italy went through will continue on automatic pilot. And also, if you consider this year, the net supply of government bonds is considerably less than last year – if I’m not mistaken it’s about €30 billion. So it’s very much a matter of rolling it over. All this is happening in a general environment where we have many signs that confidence is returning to the financial markets of the euro area. And to use a word which I have used in the past, namely “contagion” – by the way, I saw it was misinterpreted, I meant contagion between financial markets, and not positive contagion from the financial markets to the real economy where I have been always careful in explaining that it is actually lagging – you have seen, certainly, that the contagion to other countries has been muted this time, contrary to what might have happened about a year and a half ago, and this is another positive sign.
Cette réponse à une question posée lors de la dernière conférence de Presse de la Bce montre combien l'Europe aura plus de difficultés à mettre en place une politique commune.
{a}euro area comprises seventeen countries. Each country has at least two sets of elections: national and regional. So that makes 34 elections over a time span of about three or four years. That’s democracy {a:/}
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