ECB President warnings echo in the news – Renaissance

ECB President warnings echo in the news – Renaissance

On the second day of the year, the press highlights the warnings of the President of the European Central Bank (ECB). In an interview with German newspaper “Handelsblatt”, Mario Draghi said the euro zone faces a very high risk of price instability, which can strangle economic growth.

Mario Draghi recognizes that the risk of deflation is greater today than six months ago. Inflation in the euro area fell to 0.3% in November, a level appointed as alarming and may fall further this year, according to the ECB, due to the oil price fall.

In these statements to the German financial newspaper, the president of the European Central Bank says it is to adjust measures to the beginning of this year, if it becomes necessary to react to a very long period of low inflation.

This is a situation that concerns the German central bank. The newspaper “El Mundo” says the Bundesbank criticizes the ECB. The major concern of Germany is that in the long run, banks have to earn more in order to remain competitive.

Messages against anti-Semitism
This morning, the newspaper “online” “EUobserver” gives account of the main ideas of the new year messages from Paris and Berlin.

François Hollande and Angela Merkel were unanimous in leaving serious warnings against racism in the new year messages.

The French President says that the fight against racism and anti-Semitism is a national priority. Have Angela Merkel urged Germans to not participate in the demonstrations of anti-Islamic movement.

The Portuguese “Diario de Noticias” says babies born in Lithuania Thursday received a one euro coin, a symbolic way that the country’s authorities found to mark Lithuania’s entry into the currency only.

The day was celebrated in the streets by thousands of Lithuanians who, ten years after the EU accession, now hope to move away from Russian influence sphere.

The Portuguese “Digital Diary” reveals the goals of the European Commission for recycling. By 2030, the EU hopes to recycle 70% of municipal waste and 80% of packaging.

The goal was announced by the European Commission as part of a plan setting out the legal regulations to encourage and develop the circular economy in member countries.