ECB’s Cœuré argues against protectionism
ECB board member says protectionist policies reduce economies’ growth potential
A member of the European Central Bank's executive board has argued directly against protectionist policies, concluding that the case for financial integration is "strong" and should be "qualified".
Speaking in Maastricht on February 16, Benoît Cœuré said reducing financial integration via "harsh protectionism" is "tantamount to destroying machines".
"Outright protectionist measures have adverse side effects that reduce economies' growth potential," he said.
Such effects could, over time, "reduce
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