About: ECB Archives

  • Finding a sensible solution to banking oversight

    Euro & Finance 28-11-2012

    The European Parliament is voting in committee this week on the legislation which installs the single supervisory mechanism for Europe's banks. Tricky stuff - especially when certain governments in the Council appear to be backsliding on the banking union, writes Andrew Duff.

  • Europe needs a treasury secretary – and associate status for the UK

    Brexit 03-10-2012

    While the UK goes one way, the rest of the EU goes another. Europe’s ongoing financial crisis exposes systemic weakness in the way the political economy is run. Executive authority is dispersed amongst different and fairly obscure institutions, and democratic accountability is thin, writes Andrew Duff in a BlogActiv post.

  • Which institutions for the euro area?

    Future EU 21-09-2012

    José Manuel Barroso and Herman Van Rompuy have already sketched out the broad outlines of an institutional architecture for the euro area that is sound in monetary matters but which needs to be further improved by combining effectiveness and legitimacy, writes António Vitorino.

  • First the squabbles, then the fudge

    Euro & Finance 18-09-2012

    Amidst the euphoria unleashed by the European Central Bank’s bond-buying plan, it is easy to miss the immense challenges posed by two complex dossiers that have just landed on leaders’ desks: the proposed EADS/BAE merger and a planned single banking supervisor, writes Hugo Dixon.

  • More integration with more attractive regions for investment

    Regional Policy 28-08-2012

    There are still significant economic disparities within the EU, such as the ones between North and South or among different EU regions. But EU member states have a common interest in tackling those challenges together, argues Rodi Kratsa-Tsagapopoulou.

  • The ECB’s risky business

    Euro & Finance 03-11-2011

    A common currency cannot function if banking systems remain segmented along national lines, as a result the eurozone does not need an 'economic government' but an integrated banking market complete with a common supervisor, argues Daniel Gross.

  • The deal we need to overcome the eurozone crisis

    Euro & Finance 18-07-2011

    The euro zone needs greater European cohesion, more responsibility from its member states and increased coordination if it is to overcome the current crisis, argues Maria João Rodrigues in an exclusive op-ed for EURACTIV.

  • General Marshall on the Aegean

    Euro & Finance 14-07-2011

    Instead of piling extra loans and debts onto the Greek economy, the European Union should provide a "Marshall Plan" to Greece for strategic investments such as the modernisation of property registration and tax collection systems, argues Barry Eichengreen.

  • Why is the European Central Bank president still a plaything of politicians?

    Euro & Finance 05-07-2011

    Given that European Central Bank is playing a growing role in the lives of ordinary citizens, it is high time for the process of choosing its president to become more democratic, rather than being dominated by the governments of member states, argues David H. Price.

  • To repay or not to repay debts?

    Euro & Finance 24-06-2011

    Europe need not choose between catastrophe and simple debt-sharing, according to economist Jean Pisani-Ferry, who argues that the euro crisis could be resolved by giving "breathing space" to distressed countries in order to pave the way for a prepared and orderly restructuring of Greek debt.

  • Greece defaulting on cash owed to companies

    Health 23-06-2011

    Fears that Greece could default on its debt are misplaced as the country has already begun defaulting on its debt to companies, argues Gary Finnegan. 

  • Europe re-divided?

    Euro & Finance 28-03-2011

    The euro crisis is not only a currency crisis but also a political crisis, writes George Soros in the below commentary, arguing that member states' policies often reflect their views rather than their true interests. 

  • Change or lose Europe

    Euro & Finance 09-03-2011

    The case for coordinating wage policy in the euro zone to avoid a proliferation of imbalances and beggar-thy-neighbour policies is overwhelming and it is alarming that it has been ignored for so long, write Frank Hoffer and Friederike Spiecker in this commentary. They conclude by setting out concrete proposals to rebalance the European economy.

  • Is Europe doing everything wrong?

    Euro & Finance 16-07-2010

    Following the opposite fiscal policy to that of European policymakers would tackle the economic crisis more effectively, argue Mario I. Blejer, a former governor of the Central Bank of Argentina, and Eduardo Levy Yeyati, a visiting professor at the Barcelona Graduate School of Economics.

  • Keep it simple: Policy responses to the financial crisis

    Science & Policymaking 08-04-2009

    Lax regulation only played a "permissive role" in contributing to global financial instability, according to a paper recently published by the Centre for European Policy Studies (CEPS) and prepared by members of Italian business association Assonime.

  • De Larosière report fails to tackle main issues

    Euro & Finance 06-04-2009

    "The de Larosière report fails to tackle the main fault lines that the credit crisis has shown to exist in the EU supervisory landscape," write Professors Laurens Jan Brinkhorst (University of Leiden), Jean-Victor Louis (Université Libre de Bruxelles) and René Smits (University of Amsterdam) in a March paper.

  • European Growth: What’s to be done?

    Euro & Finance 19-09-2008

    "Excessively low growth" has brought the European economy to a standstill following a series of violent shocks in the last two years, writes Jean Pisani Ferry, the director of Brussels-based economic policy think tank Bruegel, for Eurointelligence.

  • The financial crisis: One year on

    Brexit 01-09-2008

    Gaps remain in the European and global supervisory architecture following unacknowledged "clear shifts" in the structure of financial institutions over the past year, according to Karel Lannoo, the CEO of the Centre for European Policy Studies (CEPS).

  • Why the euro/dollar exchange rate should be left alone

    Euro & Finance 07-04-2008

    Tampering with exchange rates to stem the rise of the euro against the dollar would be wrong, according to a March commentary from EuroIntelligence, which argues that leaving the euro/dollar exchange rate alone would be more beneficial to both currencies.

  • Lessons from the credit crunch

    Euro & Finance 07-09-2007

    Following the recent market turmoil, there is "little chance" that the ECB will reduce interest rates in September, and indeed they may remain at the 4% level for a "long time", argues a 27 August article from EuroIntelligence.

  • Subprime crisis: Greenspan’s legacy

    Brexit 04-09-2007

    It is difficult to predict how long the current crisis in the world's financial markets will last, write Tito Boeri and Luigi Guiso in a 28 August 2007 article for EuroIntelligence.

  • Monetary policy of the eurozone and the European Central Bank

    Science & Policymaking 20-02-2007

    In this policy paper by the Fondation Robert Schuman, Jean-Francois Jamet outlines the European Central Bank'a (ECB) monetary policy and argues that it can not be solely held responsible for sluggish growth rates in the eurozone.

  • Comment – Europe’s unhealthy fiscal obsession

    Euro & Finance 05-07-2005

    Inflexibility, a reluctance to correct mistakes, excessive independence and a pathological obsession with fiscal policy are four serious problems afflicting the European Central Bank, argues Wolfgang Munchau in the FT.

  • The two-pillar strategy of the ECB: a first assessment

    Euro & Finance 20-09-2004

    The two-pillar strategy of the ECB: a first assessment Since the beginning of Economic and Monetary Union the European Central Bank has only had limited success in devising a strategy for communication with the markets about the new European monetary policy …