{"id":71654,"date":"2012-07-30T12:30:20","date_gmt":"2012-07-30T10:30:20","guid":{"rendered":"https:\/\/www.aspeninstitute.it\/pin\/week-july-21-27\/"},"modified":"2012-07-30T12:30:20","modified_gmt":"2012-07-30T10:30:20","slug":"week-july-21-27","status":"publish","type":"pin","link":"https:\/\/www.aspeninstitute.it\/en\/pin\/week-july-21-27\/","title":{"rendered":"The week of July 21 – 27"},"content":{"rendered":"

Draghi, guarantor of the euro\u2019s future<\/strong> \u2013 \u201cA breath of fresh air in the musty room of the European crisis\u201d was how the foreign press greeted the words \u2013 spoken on July 27 \u2013 of Mario Draghi<\/strong>, about <\/strong>role that the European Central Bank will play in protecting the single currency. The greatest emphasis on the speech by the ECB president came from Spanish papers, particularly interested in the evolution of the crisis. The daily ABC<\/em> stated that Draghi is a guarantee for the future of the euro (Draghi garantiza el futuro del euro<\/a>), while El Pais<\/em> claimed that all the former Governor of the Bank of Italy needed to do was \u201craise an eyebrow\u201d to move the markets (\u201cEl BCE har\u00e1 lo necesario para sostener el euro. Y cr\u00e9anme, eso ser\u00e1 suficiente\u201d<\/a>). In other words, according to the economic paper Expansion<\/em>, the key to solving the crisis lies in the Eurotower, the seat of the ECB (Expansion – El BCE tiene la llave<\/a>). Other European and American papers reported on the positive reaction of the stock markets (Les Echos<\/em> – Mario Draghi hausse le ton face aux march\u00e9s<\/a>; Financial Times<\/em> – Euro takes heart from Draghi comments<\/a>; New York Times<\/em> – Assurances on Euro by Central Bank Chief Lift Stocks<\/a>) as the papers of emerging economies also focused on Draghi\u2019s words. In Asia, the news was reported by Taiwan\u2019s China Post<\/em> Post<\/em> (Draghi\u2019s vow to save euro spurs global rally<\/a>) and Hong Kong\u2019s South China Morning Post <\/em>(Markets soar after Draghi euro vow<\/a>) and in South America by the Brazilian Valor Economico <\/em>(Bolsas da Europa fecham em forte alta ap\u00f3s declara\u00e7\u00f5es de Draghi<\/a>). And the Middle Eastern Gulf News<\/em> also turned its attention to market rises (Asia stocks gain on Draghi\u2019s Euro pledge<\/a>).
Finally, there was an interview on July 22 in Le Monde<\/em> (Mario Draghi : \u00abNon, l’euro n’est pas en danger\u00bb<\/a>*) where Draghi promised that the euro was irreversible and that the ECB would act without inhibition<\/p>\n

Italy bets on emerging markets<\/strong> \u2013 While Europe is seeking a solution to the crisis, Italian businesses are looking abroad for growth opportunities. The preferred destination is inevitably the emerging markets. The Brazilian paper Valor Economic<\/em> reported that during the first quarter, Italy increased its trade surplus<\/strong> for exports to extra-European markets to 1.5 billion euros (July 24- It\u00e1lia tem super\u00e1vit comercial de 1,52 bilh\u00e3o de euros fora da UE<\/a>). Another paper Brasil Economico<\/em> published an article about Magneti Marelli<\/strong>, which has signed agreements with Chinese firms to increase its production in Brazil (July 24 – Chinesas no alvo da Magneti Marelli<\/a>). There were also two reports from Asia. According to the South China Morning Post<\/em>, Max Mara<\/strong> is planning to accelerate growth in China, opening one store a week over the next six months (July 24 – MaxMara speeds up China push<\/a>*), while The Hindu Business Line <\/em>reported that  Lavazza<\/strong> in franchising is developing new franchising outlets in India (July 25 – Barista Lavazza brews franchise plans for smaller cities<\/a>).<\/p>\n

 <\/p>\n

* marked articles viewable online upon payment or registration<\/p>\n","protected":false},"excerpt":{"rendered":"

Draghi, guarantor of the euro\u2019s future<\/strong> \u2013 \u201cA breath of fresh air in the musty room of the European crisis\u201d was how the foreign press greeted the words \u2013 spoken on July 27 \u2013 of Mario Draghi<\/strong>, about <\/strong>role that the European Central Bank will play in protecting the single currency. The greatest emphasis on the speech by the ECB president came from Spanish papers, particularly interested in the evolution of the crisis.<\/p>\n","protected":false},"author":2357,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"freetags":[],"tipologiapin":[2375],"tag_tecnica":[],"temi_aspen":[],"attivita_internaz_in_essere":[],"attivita_internaz_concluse":[],"studi_e_ricerche":[],"class_list":["post-71654","pin","type-pin","status-publish","hentry","tipologiapin-foreign-press-italys-success-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/71654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin"}],"about":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/types\/pin"}],"author":[{"embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/users\/2357"}],"version-history":[{"count":0,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/71654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/media?parent=71654"}],"wp:term":[{"taxonomy":"freetags","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/freetags?post=71654"},{"taxonomy":"tipologiapin","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tipologiapin?post=71654"},{"taxonomy":"tag_tecnica","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tag_tecnica?post=71654"},{"taxonomy":"temi_aspen","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/temi_aspen?post=71654"},{"taxonomy":"attivita_internaz_in_essere","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_in_essere?post=71654"},{"taxonomy":"attivita_internaz_concluse","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_concluse?post=71654"},{"taxonomy":"studi_e_ricerche","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/studi_e_ricerche?post=71654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}