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At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]
Panel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at a conference on the occasion of Sveriges Riksbank’s 350th anniversary, Stockholm, 25 May 2018. Brought to you by the European Sting from the European Central Bank site. It is fitting that we are discussing the future of central banking here in […]
Reviewing the political or economic events in retrospect always gives the observer a privileged position. This is the point where Benoît Cœuré – a Member of the Executive Board of the European Central Bank – found himself at an interview last Monday. At some point he was asked if the ECB had suffocated Greece’s commercial […]
Slowly but surely Euro area inflation rate heads for the zero zone, making decision makers nervous and everybody else, especially the unemployed young even more pessimistic and passive about their present situation and the future prospects. And all that is happening in this part of the globe where only a few years ago the Europeans […]
Benoît Cœuré, Member of the Executive Board of the ECB, speaking at the high-level conference on “Monetary Policy in the New Normal” organised by the IMF in Washington D.C., on 13 April 2014, described in detail the unconventional monetary policy tools the Eurozone’s central bank is about to use, in order to affect (reduce) interest […]
Yesterday Mario Draghi, the President of European Central Bank, proposed that the time horizon for the full mutualisation of all bank resolution costs among the EU Banking Union member states, should be cut by half from ten to five years. Also yesterday, in a different occasion, Benoît Cœuré, Member of the Executive Board of the […]
According to the European Commissioner Michel Barnier, the Eurozone member states, who participate in the Eurogoup and the ECOFIN councils are ready to soften their position in the negotiations with the European Parliament, to lift the deadlock over the creation of the Banking Union. This is a step forward in resolving the stalemate around the […]
Benoît Cœuré, a Member of the Executive Board of the European Central Bank, delivered a speech today on “The implications of bail-in rules for bank activity and stability”. This was the opening speech at conference on “Financing the recovery after the crisis – the roles of bank profitability, stability and regulation”, staged by Milan’s Bocconi […]
Benoît Cœuré a French economist, Member of the Executive Board of the European Central Bank and former head of French public debt office, delivered a revealing speech on ECB’s programme for Eurozone state bond purchases in the secondary markets, known as Outright Monetary Transactions initiated in September 2012. Cœuré said that OMTs arrested and neutralised […]
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