If Padoan was an Aussie he’d say “let ‘er rip”.
He isn’t.
He’s an Italian bureaucrat, so he has called for the European Central Bank (ECB) to launch its expected bond-buying QE programme “without constraints”
OK, that’ll do:
- “QE is an essential contribution against deflation, it should absolutely not be diluted”
- “I hope that national fragmentation doesn’t exert an influence … What counts is to turn around expectations and for that, there needs to be a decisive intervention without constraints”
Padoan was quoted in business daily Il Sole 24 Ore on Saturday (Il Sole 24 Ore is an Italian national daily business newspaper owned by the Italian employers’ federation)
