“With inflation slowing, the ECB will have to change course,” says Massimo Doris, head of Banca Mediolanum, in an interview published in the newspaper Il Messaggero. The banker addressed the issue of rate hikes that Christine Lagarde's ECB established to limit inflation. A few days ago, a criticism in Frankfurt was also raised by Flavio Cattaneo, entrepreneur already number one of TELECOM, TERNA, RAI companies, and currently shareholder and vice president of the ITALO railway company. Cattaneo warned: “A further tightening by the ECB on rates will almost certainly lead us to a recession”. He adds: “For families and businesses it would be a fatal blow, considering the weight of bills and a cost of living that has grown enormously.” In Italy the question of what Mario Draghi would have done if he had still been president of the Eurotower is asked by many. Giancarlo Mazzucca writes clearly in the paper Il Sole 24 Ore: “Just to avoid further discussion of Lagarde's next moves, shouldn't we hope, when possible, for a return to Frankfurt of a deluxe unemployed like Super Mario? Even if there were controversies when Draghi was there, with him at the ECB we could really feel safe and sound”.
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