TESTO INTEGRALE - Comunicato del Presidente della Bce                                                                                                                    
		
		
	
	
                                                                                                                   Reuters - 08/08/2011 07:59:48                                                                                                                
                                                                                                                                                                                                                                                                                      ROMA,  8 agosto (Reuters) - Pubblichiamo il testo del  comunicato rilasciato  ieri dal presidente della Banca centrale  europea e pubblicato in  inglese sul sito 
ECB: European Central Bank home page.
2011 - Statement by the President of the ECB  1. The Governing Council  of the European Central Bank (ECB)  welcomes the announcements made by  the governments of Italy and  Spain concerning new measures and reforms  in the areas of fiscal  and structural policies. The Governing Council  considers a  decisive and swift implementation by both governments as   essential in order to substantially enhance the competitiveness  and  flexibility of their economies, and to rapidly reduce public  deficits.
  2. The Governing Council underlines the importance of the  commitment  of all Heads of State or Government to adhere  strictly to the agreed  fiscal targets, as reaffirmed at the euro  area summit of 21 July 2011. A  key element is also the  enhancement of the growth potential of the  economy.
  3. The Governing Council considers essential the prompt   implementation of all the decisions taken at the euro area  summit. In  this perspective, the Governing Council welcomes the  joint commitment  expressed by Germany and France today.
  4. The Governing Council attaches decisive importance to the   declaration of the Heads of State or Government of the euro area  in the  inflexible determination to fully honour their own  individual  sovereign signature as a key element in ensuring  financial stability in  the euro area as a whole.
  5. It equally considers fundamental that governments stand ready  to  activate the European Financial Stability Facility (EFSF) in  the  secondary market, on the basis of an ECB analysis  recognising the  existence of exceptional financial market  circumstances and risks to  financial stability, once the EFSF is  operational.
  6. It is on the basis of the above assessments that the ECB will   actively implement its Securities Markets Programme. This  programme has  been designed to help restoring a better  transmission of our monetary  policy decisions – taking account  of dysfunctional market segments –  and therefore to ensure price  stability in the euro area.