Bank of Portugal governor calls for a European monetary fund
Costa says institution should be ‘empowered to act quickly and decisively in a crisis’
Bank of Portugal governor Carlos Costa believes the European Stability Mechanism (ESM) should be transformed into a "European monetary fund" that is "empowered to act quickly and decisively in a crisis".
Speaking on Friday at an event organised by the Portuguese finance ministry in Lisbon, Costa said the institution should be independent from its member states and able to "create a mechanism to provide technical and financial support to countries facing unsustainable situations".
He proposes the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com