EU: Draghi, on gas price roof road could be long
On the hypothesis of imposing a ceiling on Russian gas import prices in the EU, “discussions are still ongoing and there could be a long way to go”. The Prime Minister says it, Mario Draghiin his speech at the opening of the ministerial meeting ofOECD in Paris.
EU: Draghi, gas price cap would limit increase in inflation
An agreement at European level on the price ceiling for Russian gas imports would limit the increase in inflation, but in Brussels the road could be long “. Prime Minister, Mario Draghi, in his opening speech at the OECD ministerial meeting in Paris. “In the euro area, prices increased by 8.1% in May compared to the previous year – said Draghi – however, if we exclude elements such as energy and food, the increase is only about half” , a significant jump, but much lower than in the United States. In some countries this so-called “core inflation” is even more contained: in Italy it stood at 2.9% in May. Unemployment is just above below 7% in the euro area, while consumption remains below pre-pandemic levels. These are all signs that there is still spare capacity in the economy “.
“So, at least in the European Union, rising inflation is not entirely a sign of overheating, but largely the result of a series of supply shocks. Wages need to recover their purchasing power,” but without creating a price-wage spiral which would, in turn, lead to even higher interest rates. We must reduce energy prices and offer financial support to households and businesses, especially those most in need. The European Council last week it approved the possibility of imposing, to consider, a cap on imports of Russian gas. This measure would limit the increase in the inflation rate, support disposable income and reduce our financial flows to Moscow. Of course, discussions are still ongoing and there could be a long way to go, “he concluded.
Draghi, historic agreement on minum tax at G20, now implement it
“I would like to thank the General secretary and all the staff of theOECD for the excellent work done, particularly in the area of global taxation. The agreement reached last year during the Italian presidency of the G20 is historic. We must implement it quickly to make the world economy fairer, stronger and more inclusive “, said Prime Minister Mario Draghi, in his opening speech at the OECD ministerial meeting in Paris.
Dragons, against expensive energy use tools like SURE
The European Union should use tools such as the ‘Sure’ program to help citizens affected by rising energy prices. The Prime Minister, Mario Draghiin his opening speech at the OECD ministerial meeting a Paris. Draghi said that “responsibility and solidarity must go hand in hand, at national but also European level” and recalled that Italy has decided on an extraordinary tax on the profits of energy companies and has “used the revenues to reduce gas and electricity bills for the most vulnerable “. “In the European Union, we must consider replicating some of the joint tools that have helped us recover quickly from the pandemic – he added – such as SURE – the temporary support to mitigate unemployment risks during the emergency, which has provided economic loans and stable to the member states of the European Union so that they could save jobs and support incomes. A similar instrument, this time aimed at energy, could guarantee vulnerable countries more space to help their citizens in a time of crisis “, he concluded.
Covid: Dragons, fragile health systems, we need to invest
“The COVID-19 has highlighted the weaknesses of our health systems. We want to stimulate investments and make the world more prepared for future pandemics “, said Prime Minister Mario Draghi, in his opening speech at the OECD ministerial meeting in Paris.
Draghi, from severe blow sanctions to oligarchs and the Russian economy
“The G7 andEU they showed remarkable unity in supporting Ukraine and in putting pressure on Moscow to end hostilities and resume negotiations. The EU alone has devised six sanctions packages that have dealt a severe blow to the oligarchs close to the Kremlin and to key sectors of the Russian economy “, said Prime Minister Mario Draghi, in his speech at the opening of the OECD ministerial meeting in Paris. “For our efforts to be fully effective, they must be sustainable over time and involve emerging and developing countries. We must match the determination we have shown towards Ukraine with the same determination in helping our citizens and those in the poorest parts of the world, especially theAfrica“Draghi added.
Ukraine: Draghi, crisis must not distract us from climate objectives
“The response to the crises resulting from the invasion ofUkraine it must not distract us from long-term policies that will benefit future generations “, starting with” the objectives on the climate“This was stated by Prime Minister Mario Draghi in his opening speech at the OECD ministerial meeting in Paris.
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