Prometeia40 with ECB President Mario Draghi

14 December 2015

 

Prometeia hosted a speech by European Central Bank President Mario Draghi on “Monetary policy and Structural Reforms in the Euro area”

 

Prometeia concluded the celebrations of its 40th anniversary in economic research and specialized advisory by hosting the ECB President Mario Draghi at the MAST Foundation in Bologna. A big chunk of Italian business and financial community convened for this special occasion.

Paolo Onofri, Secretary General of Prometeia Associazione, opened the day by going through the macroeconomic context of the last 40 years. That is, Prometeia’s life.

 
 
 
 

As a special guest, President Draghi decided to start the speech with an intense recollection of his early academic years, when as a young professor he looked at Bologna and its economic 'school' as an essential reference point. He dedicated the speech to the memory of his “master” Beniamino Andreatta.

In the more institutional part of his speech, Mr Draghi confirmed the contribution of Ecb monetary policy decisions, even the latest ones, to the European economic recovery, now standing on a more solid base. Should the situation worsen, Draghi kept the door open to further stimulus measures. “Monetary policy alone is not enough,” repeated Draghi, insisting on the urgency in many countries of resolving the excessive stock of non performing loans and starting to invest again..

 
 
 
 

Prometeia’s Chairman Angelo Tantazzi closed the meeting remembering the evolution and growth of Prometeia’s activities over the previous 40 years, always keeping in mind a crucial value: being open to continuous change.

Mr. Tantazzi e Mr. Onofri eventually honoured President Draghi with a special gift: a 3D printed version of a Prometeia chart on the impact of ECB decisions.