2015-01-02 12:58 Author: (PAP) (ed. AND) [Photo: Xinhua / Photoshot / REPORTER] 
The head of the European Central Bank (ECB), Mario Draghi, in an interview with German newspaper Handelsblatt announced the continuation of the policy of low interest rates to stimulate the economy and maintain stable prices.
– Interest have long been very, very low and will remain (at this level), probably for a long time – Draghi said. He explained that the ECB keeps interest at a low level to stimulate the economy and maintain price stability .
Benchmark interest rate refinancing loan is 0.05 percent. The ECB lowered the refinancing loan rate by 10 points. the underlying at a meeting in September. Deposit interest rate is minus 0.2 percent. Loan rate is 0.3 percent.
Draghi urged heads of European countries for the implementation of structural reforms. The weakness of reform, the tax burden of bureaucracy and impede the healing process in Europe – he explained. The tax burden in Europe are in his opinion, the biggest in the world. This is a serious drawback in competition with others. He noted that all euro area countries must increase efforts, including Germany.
ECB chief calls for more spending on investments, primarily for research, education and the digital agenda. Other expenses, taxes should be reduced – he stressed.
Please check the forecasts for 2015 have economists.
See how past Friday’s session on the New York Stock Exchange.
Draghi defends its bond buying plans. In the euro area is still there – in his opinion – the danger of entry into a spiral of declining prices, making it difficult to debt relief, will adversely affect consumer sentiment and hamper investment companies.
Draghi signaled that the ECB may soon start buying up government bonds. The risk that it will fulfill our task of maintaining price stability is greater than six months ago – he said.
The ECB conducted technical preparations to at the beginning of 2015. Change the tempo and the moves, if it becomes necessary to respond to the long period of very low inflation – said in an interview with Handelsblatt .
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