The case for Draghi's call for faster reform
For monetary stimulus to be effective, measures must be implemented "promptly and with determination"
Frankfurt
WHEN Mario Draghi reminds politicians of the importance of economic reforms, the European Central Bank (ECB) president has fresh evidence to make his point.
Data published on Tuesday showed unemployment in Germany, reaping the benefits of an earlier revamp of labour rules, fell to a record low. In reform-laggard Italy, the jobless rate unexpectedly rose and the country's inflation rate turned negative. A separate report showed a slump in euro-area consumer prices eased in March.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’