First, the Bank decided to introduce a 2 percent “price stability target.” Second, the Bank decided to introduce an “open-ended asset purchasing method” under the Asset Purchase Program.
A low level of investment is common to all the European economies; it lies at the root of the decline in employment in certain sectors and the rise in unemployment. It is serious in the more depressed regions, particularly in southern Italy; together with high labour costs, the fall in private and public sector investment is adversely affecting the economic and productive fabric.