Fabio Panetta is a member of the executive board at the European Central Bank.
With the complete reopening of the economy in sight, what Europe needs to emerge stronger from the pandemic will change. We will have to shift from offsetting lost income to adding new income, and from preserving productive capacity to reallocating capital and labor toward sectors with more favorable opportunities. Whether we will succeed depends on how we reform the way in which the European economy is governed.
When the pandemic hit, the European Union intervened to provide immediate support: Fiscal and state aid rules were suspended and powerful common instruments were introduced; the European Central Bank (ECB) adopted extraordinary actions to help the economy absorb the shock and loosened bank capital rules.
Loi du 21 juillet 2021 portant approbation de l Accord modifiant le traité instituant le mécanisme européen de stabilité, signé à Bruxelles les 27 janvier et 8 février 2021
legilux.public.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legilux.public.lu Daily Mail and Mail on Sunday newspapers.
ESM spricht sich für Verbriefungen aus
boersen-zeitung.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersen-zeitung.de Daily Mail and Mail on Sunday newspapers.
Analysis-The quiet revolution in Italian bond markets
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Analysis: The quiet revolution in Italian bond markets
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.