Reuters - Video

EDITION: U.S. | U.K. | IN

Business

ECB is too much talk, not enough action - IMF

Tuesday, Apr 29, 2014 - 04:21

April 29 - The ECB should do ''everything it can'' to tackle low growth and inflation, says the IMF’s Jose Vinals. But euro zone governments also have a part to play by really implementing their planned reforms.

▲ Hide Transcript

View Transcript

I'm if I take not he and frank -- with cost saving yeah it's the IMF director for monetary and capital markets. Missed having on its the IMS can notch raised its concern about you know inflation in the years and in. Now should the ECB do something about this period of no inflation in the Euro zone -- Would we -- really concerned about is that the Euro area is strapped into a little growth annual inflation equilibrium. And is so far as real information. In addition to the temporary factors. Maybe indeed. The -- a part of city over rates of growth this is something that this will be remedied can hopefully see actors need to play the part. Poetry bode C needs to keep making sure. We told -- means a successful so. That. You know press to -- the -- maintained. The comprehensive assessment. That he's being carried out in its total up. These to make sure that banks have sufficient capital in order to provide created in accompanied the economic recovery in the recording great demand. When he takes place and also will be very important for increasing. The growth. Of team unity and a sustained basis that these structural reforms that are much talked about but we're very bitter election. He's their exception if you specific cases that these structural reforms getting enacted in these basically minor as soon as possible. Extra cash in the banking system in the eurozone has dropped below the knock -- 100 billion euros and this is putting pressure on. On the overnight it's short term money market rates which have -- now about the main refinancing rate. Is this a sign of normalization or a reason to be concerned. Well I think I think that term. Convenient. Some reduction in excess liquidity. He sees something we choose not to have which is not about time the question is how far East -- -- -- this is something that. We need to be assists. Depending on on on the future of pollution but so far I don't think that this -- say a tremendous cause for concern quite country. Not extend Tuesday Ukraine what is your assessment of the situation economics if you -- the situation in the Ukraine. Well as you know we can't we -- have -- an agreement we see Ukrainian authorities. And we are going to hit the discussion. I did I -- board and we hope that who grain and can. We place the policies that they have put forward. And that we can dep support team. These have policies that they seem to be a very important for the future of the -- to government he's very very committed. Me and finishing -- deep policies that they have. Agreed -- -- how are certainly. The right ones. How confident guy you then that the IMF were actually signed off on Wednesday. When this aid package that was agreed in March. But let me know -- -- church worked on board he's going to decide. We will have a discussion in this they said we can't we have confidence that the ACC -- basis for a -- Two. Move to a better economic situation. Now for my last question how much of -- risk do you -- can and does the Ukraine crisis post. To the economic outlook for the jurors on I think that the Ukraine crisis. -- -- two -- could be a significant risk. Had not only forty eurozone but be -- A significant reason for economies in central eastern and southern hero. Four economies. We -- -- central Asia. And more generally. -- it would to be an increase in global risk aversion Asa result of the geopolitical uncertainties. Here. So these why it would be very important. For peace geopolitical risks to. I think that is something which would be very very important time with the world already has many of the challenges that he task we face.

ECB is too much talk, not enough action - IMF

Tuesday, Apr 29, 2014 - 04:21

Money »

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)