Draghi: we must implement the reforms

ECB President Mario Draghi, speaking at the Brussels Economic Forum,  was very clear in the concept expressed: "In the countries of the euro area many structural reforms have been implemented in recent years, especially in those countries most affected by the crisis. The benefits are now visible . But there is still much to do. "

Although there are "many political understandable reasons for delaying structural reforms" in the country, the cost of such delays "is simply too high," he added insisting on the importance of national policies of reforms to support the interventions of the ECB in supporting Eurozone economy.

Draghi has not even left out a reference to the immigration emergency and stressed that "even the highest expectation immigration will probably be able to compensate for the natural decline of the euro area population." For Draghi, "public policies can certainly mitigate these effects by welcoming and integrating immigrants, but since they can not do much to intervene in demographic trends, it follows that increase long-term growth requires an increase in productivity."