Some politicians, such as Italy’s Treasury minister Giulio Tremonti, say speculation is rife again, as strong as ever. The remarks of Giulio Tremonti are always stimulating. As regards the ECB, we have demonstrated in the past that we are very keen not to embark on policies that would foster volatility and financial instability.
Domestic demand for its part is expected to be supported by strong corporate sector earnings, healthy balance sheets, still moderate interest rates (lower than in the US) and better labour market conditions.