ECB: optimism but not too much

The ECB seems optimistic, not in an exaggerated way, for the Eurozone economy, as confirmed by the minutes of the last meeting took place on 20 and 21 April last. In this way the orientation of President Mario Draghi is confirmed.

A few hours from the minute the FOMC the Fed takes time but says it is ready to raise interest rates in June, Eurotower confirms its objective of achieving inflation at 2%, although the macroeconomic data shows that the 'Eurozone still gripped by deflation.

Central bankers believe that it will take time to see the positive effects of monetary stimuli, boosted last March.

The ECB expresses disappointment at the fact that some specific recommendations directed to individual states of the eurozone have not been sufficiently followed and implemented. "Many countries have had a hand in the reforms of the labor market but not all of the expected results seem to have been achieved and other interventions should be considered as a priority in the current economic environment."

The ECB adds that "Looking at recent developments in a broader perspective of the economic cycle that the ongoing economic recovery in the euro area remained mainly driven by domestic demand, while net trade made a negative contribution to GDP growth in the last two quarters of 2015 ".