Pier Carlo Padoan

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Last quote by Pier Carlo Padoan

Wolfgang Schaeuble was a loyal discussion partner, serious, competent and also a good friend.feedback
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Sep 28 2017 German trade
Pier Carlo Padoan has been quoted 43 times. The one recent article where Pier Carlo Padoan has been quoted is Italy’s finance chief says the euro zone still faces problems - even in Germany. Most recently, Pier Carlo Padoan was quoted as having said, “We are however making progress in one thing: That we are building trust among ourselves and we are also recognizing that we have to reconcile historically-driven different traditions in banking sectors and they have to merge into a new European banking culture. The timing of monetary policy is one of the most delicate and sophisticated arts in economic policy making and I'm fully confident in the leadership of the ECB that it will cast the QE (quantitative easing) withdrawal when the time is right.”.
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Pier Carlo Padoan quotes

Mar 20 2017

I have already had the chance to speak with Chancellor Hammond in Baden-Baden, about this. And, I think that of course, the UK and the EU 27 are looking at the issue from different perspectives. But, I think that there is a good spirit of collaboration.feedback

Jan 16 2017

The 20 billion is more than enough.feedback

Dec 29 2016

The bank is in optimal condition and will have great success.feedback

Dec 23 2016

The rescue will require a (new) business plan that European authorities will need to approve and that will allow Italy's third-largest bank to finally return to operate at full throttle to support the economy and with the full confidence of its depositors.feedback

Dec 21 2016

The impact on savers, if a (government) intervention should take place, will be absolutely minimised or inexistent.feedback

Dec 19 2016

If these resources have to be used, the eventual repayment of the public finances and the debt will be spelt out and certified.feedback

Dec 19 2016

The money put forward in this operation will have an impact on debt, but it should be seen as a one-off, temporary measure, that does not therefore impact on structural adjustments.feedback

Dec 02 2016

No, I do not see any impact from a No vote on public finances.feedback

Dec 02 2016

Should there be a different scenario we will evaluate whether some kind of intervention is needed.feedback

Dec 02 2016

But then, as with Brexit, the fog will lift and normality will return.feedback

Dec 01 2016

If 'No' wins it will be more difficult to raise capital.feedback

Nov 25 2016

It's clear that we are in a phase of uncertainty, but the market is already taking into account that uncertainty, to some extent they have priced in that uncertainty, so in reality the markets are giving less worrying signals than it might seem.feedback

Nov 08 2016

We have find an agreement on the fact that if a jurisdiction applies zero tax rates, this can be considered as an indicator of possible unfair practices, but it would not be enough to define a jurisdiction as non-cooperative.feedback

Oct 21 2016

Financial markets have this idea that the referendum is the end of the world. Well, it is not.feedback

Oct 07 2016

If there is a 'No' vote – which I hope will not be the case – it will be basically a missed opportunity for the country.feedback

Oct 03 2016

At this moment the bank is preparing an overall plan that I think is a good one.feedback

Sep 30 2016

Just like the problem of bad bank loans must be solved within a reasonable time frame, so it should be for Deutsche Bank's problems.feedback

Sep 13 2016

Growth will be revised down in forecasts the government is about to release as background to the budget law.feedback

Sep 02 2016

We're dealing with them. They are both structural and short term.feedback

Jul 23 2016

Brexit has already had an impact. All international organisations and governments are revising downwards their growth projections due to Brexit-related uncertainty and impact on demand. So this is already a problem.feedback

May 05 2016 - Single market

It is not if it is complemented by structural reforms, which we are doing in the country to raise growth potential, and also a link between the eurozone and the single market. In other words, I would favour more integration not just in the eurozone, but also in Europe in a wider sense.feedback

May 05 2016

This is just a mechanism to start off. It has a leverage power. And as confidence grows, the market will generate prices that will make those resources available. And, of course, nothing prevents the private sector to decide to further provide resources with the funds. So to make it larger if needed.feedback

May 05 2016

Well, first of all, this is a private sector endeavor. The private sector, the private banks, and insurance companies, Italians and other countries, have put together resources first of all to support recapitalisation operations in the Italian banking system. And also to provide resources to kick-start the NPL market, which has been stagnant in the country.feedback

Mar 28 2013 - OECD

In the euro area Germany is growing at a healthy rate – above 2.0 percent – which is good news; but France, which is the second largest economy, will not be growing possibly at all in 2013, and will possibly start growing again in the latter part of this year and Italy continues to be in recession, although this recession is shrinking which means that Italy might see positive growth at the end of 2013.feedback

Mar 29 2012 - OECD

We believe it has come down a bit, so those risks are smaller, but they are not gone away. If you take the G7 as a group there is a recovery which is firming, with respect to last year's numbers, but this is clearly coming at different speeds, with North America and the United States going faster and the euro area still in a weak spot.feedback

Nov 28 2011 - OECD

We live in very difficult times. I believe we can define this a critical moment. The situation in the euro area is rapidly deteriorating and contagion is spreading. Policy continues to be behind the curve. Not only in the euro area, also in the United States. So we think that swift and decisive action is needed to avoid the worst. But we would also like to say that things can be turned around and the situation could get much better.feedback

Sep 08 2011

We are witnessing a growth slowdown across OECD countries.feedback

Apr 05 2011 - OECD

Growth looks to be stronger in respect to what we are anticipating in the November economic outlook. It's around three percent from the G7 as a group from which we have to exclude Japan.feedback

Apr 05 2011 - OECD

Of course the downside of this scenario is that there might be risks on the inflation front.feedback

Sep 09 2010 - OECD

There are a number of weaknesses which weigh particularly on household behaviour…One is that the housing market has lost momentum, meaning that it's not clear what the dynamic of house prices will be. The other element which weighs negatively on households is the unemployment situation.feedback

May 26 2010 - OECD

The global economy needs some rebalancing in exchange rates, not just the euro which has been overvalued for some time in the past, but also of course the Chinese currency, which has been undervalued for some time and it still is.feedback

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