Peter Praet on Europe’s Covid-19 responses
Former ECB chief economist discusses stability, negative rates, common debt and improving the EMU
Covid-19 has presented policy-makers in the eurozone with unprecedented challenges less than a decade after the sovereign debt crisis. How do you assess the European Central Bank’s response to the pandemic in comparison to the previous shock?
The ECB has proven again that it is a solid European institution, able to take decisions in very difficult circumstances to fulfil its mandate. This is noticeable considering the numerous changes in the members of both the executive board and the governing
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