European governments should take advantage of the tighter spread to cut debt. To say it is European Central Bank in its economic bulletin, with a reminder that also reaches the ears of the Italian Government which, according to the Eurotower, as well as the Belgian and French Governments, should use the savings linked to the lower interest rates more to reduce debt than to increase spending.
The ECB also signals that Italy and Belgium, with the approval of the EU Commission, have made much lower deficit corrections than those envisaged by the new debt rule.
According to the bulletin of the central institute, the economic recovery of the Eurozone is destined to continue, even if at a slow pace, also due to the difficulties of the emerging countries, which weigh on exports. ECB growth estimates have been lowered since June and now stand at +1,4% for 2015, +1,7% in 2016 and +1,8% in 2017.
In any case, the central bank has once again said it is ready to implement new stimulus measures for the economy, should they prove necessary, especially to achieve the objective of bringing inflation closer to the desired levels (around 2% per year). At the moment, however, any intervention is considered "premature" by the ECB.
