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More courage from ECB on rates not whim says Tajani

High cost of money curbs access to credit and investments

Redazione Ansa

(ANSA) - ROME, SEP 14 - Deputy Premier and Foreign Minister Antonio Tajani said Saturday his having chided European Central Bank Governor Chrstine Lagarde for not being braver after she cut rates by a a quarter point Thursday was not a "whim" on his part.
    "We have to do all we can to restart from the real economy, which means industry and agriculture," said Tajani, stressing that "when I spoke of scant courage by the ECB I was talking about this; the cost of money is high and it it hard for businesspeople, above all young ones, to get access to easier credit and plan long-term investments." He underscored "so it was not, on my part, a whim".
    Lagarde has stressed the ECB's independence of politics. (ANSA).
   

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