FLORENCE, ITALY – The European Central Bank’s decision to stimulate the 19-Country economy pumping more than 1 trillion euros in new money is supported by Florentine entrepreneurs.
On the sidelines of the summit between German Chancellor Angela Merkel and Italian Prime Minister Matteo Renzi hosted in Florence, Leonardo Bassilichi, CEO of Bassilichi and president of the Chamber of Commerce of Florence, spoke in favor of the European policy planned by the ECB governor Mario Draghi.
The ECB’s decision “helps the optimism and shows a turning point that only goes so far but demonstrates a break with the old austerity,” said Bassilichi to Associated Press. The news reported by the American press agency was published worldwide by many newspapers, websites and broadcasted by FoxNews and other channels.
“We need to understand how governments will succeed in transferring this to the real economy, how they will require the banks to transfer the money,” Bassilichi said. “As a business, I need to see that the banks are circulating these resources.”