Supporting Draghi´s decision

In the political sphere, as in life, each one has to be brave and take his or her responsibilities. One cannot blame others if one has not taken action first and tried to do the best within means and capabilities.

That´s what Mario Draghi, the president of the European Central Bank, did today. He played his role to the full. Notwithstanding serious opposition coming from very powerful people. The decision taken on Quantitative Easing is a daring one. It matches the complex and vast challenges the Euro countries are confronted with.

Now, it is up to the politicians and the key economic players to do their part. With full commitment and the same type of vision Draghi has shown. 

Draghi´s measures should have a positive impact

I fully support the measures taken today by the European Central Bank president Mario Draghi. It´s far too early to talk about their impact, even less about the results. But they are bold decisions. They are a very serious attempt to revive the EU economies, to facilitate access to productive credit and also put a stop to the strengthening of the euro currency. The only problem is that the financial markets are very volatile, they have their own logic, and, in many cases, they are only interested in the short term. And they move trillions of resources on a daily basis. However, there is money out there that is looking for a more predicable economic environment and that is ready to invest long term. Let´s see if they get additional incentives to invest on productive and job generating activities now that Draghi has adopted a more proactive approach.