Panetta

EU Needs Immigration for Economic Growth, Says Panetta

4 months ago

The Italian central bank, led by Governor Ignazio Panetta, stated that for economic growth, the European Union must focus on the issue of immigration. According to Panetta, low birth rates and an aging population threaten the long-term economic stability of the region. He emphasized that if EU leadership does not take decisive measures to attract more immigrants, it could lead to labor shortages and slow down economic growth.

ECB Economist Predicts Interest Rate Reductions

4 months ago

Paolo Panetta, head of the research department of the European Central Bank (ECB), stated that there are reasonable grounds to believe that interest rates in the eurozone may begin to fall in the near future. In his interview, he emphasized that the current state of the economy and labor market in the region impose constraints on further rate hikes, making a reduction more likely.