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In the spirit of European cooperation

Via ECB (Den Europæiske Centralbank) SPEECH Introductory remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Salzburg Global webinar 2 July 2020 The judgment of the German Federal Constitutional Court on the ECB’s public sector purchase programme (PSPP) is a reminder...

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Interview with NRC Handelsblad

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Mark Beunderman on 1 July 2020 7 July 2020 Are you satisfied with the solution that has now been found in the issue surrounding the ruling by the German Federal Constitutional Court? Yes, we find...

monetary policy in the post-COVID-19 economy
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monetary policy in the post-COVID-19 economy

Via ECB (Den Europæiske Centralbank) SPEECH Keynote speech by Fabio Panetta at a Capital Markets webinar organised by the European Investment Bank and the European Stability Mechanism Frankfurt am Main, 1 July 2020 The coronavirus (COVID-19) shock creates a uniquely high degree of uncertainty about the economic outlook[1].We lack clarity about when the virus will...

Interview with La Stampa
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Interview with La Stampa

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview with Luis de Guindos, Vice-President of the ECB, conducted by Marco Zatterin on 26 June 2020 and published on 1 July 2020 1 July 2020 The International Monetary Fund has just revised down all of its projections. How is the European economy looking from the ECB’s perspective? The level...

The ECB’s monetary policy during the coronavirus crisis – necessary, suitable and proportionate
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The ECB’s monetary policy during the coronavirus crisis – necessary, suitable and proportionate

Via ECB (Den Europæiske Centralbank) SPEECH Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, 27 June 2020 Frankfurt am Main, 27 June 2020 The coronavirus crisis is having serious humanitarian and economic consequences. Current Eurosystem staff projections assume a decline in economic activity of almost 9% in...

Meeting of 3-4 June 2020
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Meeting of 3-4 June 2020

Via ECB (Den Europæiske Centralbank) Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 3-4 June 2020 1. Review of financial, economic and monetary developments and policy options Financial market developments Ms Schnabel reviewed the financial market developments since the...

liquidity, stabilisation and supporting the recovery
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liquidity, stabilisation and supporting the recovery

Via ECB (Den Europæiske Centralbank) SPEECH Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Financial Center Breakfast Webinar organised by Frankfurt Main Finance 24 June 2020 Today, I will discuss the impact of the monetary policy measures taken by the ECB in response to the pandemic emergency on...

Financial stability and the pandemic crisis
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Financial stability and the pandemic crisis

Via ECB (Den Europæiske Centralbank) SPEECH Speech by Luis de Guindos, Vice-President of the ECB, at the Frankfurt Finance Summit Frankfurt am Main, 22 June 2020 As the last speaker of the day, after providing you with a brief overview of the economic outlook for the euro area, I will focus my remarks on the...

Impact of the COVID-19 lockdown on trade in travel services
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Impact of the COVID-19 lockdown on trade in travel services

Via ECB (Den Europæiske Centralbank) Prepared by Tobias Schuler The lockdown measures adopted to contain the coronavirus (COVID-19) pandemic are having a significant impact on euro area trade in services, in particular on travel and passenger transportation. Exports of services dropped by 10.6% and imports of services dropped by 3.3% in March 2020 compared to...

Convergence Report
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Convergence Report

Via ECB (Den Europæiske Centralbank) Since 1 January 1999 the euro has been introduced in 19 EU Member States; this report examines seven of the eight EU countries that have not yet adopted the single currency. One of the eight countries, Denmark, has notified the Council of the European Union (EU Council) of its intention...

Citizens’ attitudes towards the ECB, the euro and Economic and Monetary Union
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Citizens’ attitudes towards the ECB, the euro and Economic and Monetary Union

Via ECB (Den Europæiske Centralbank) Prepared by Stephanie Bergbauer, Nils Hernborg, Jean-François Jamet, Eric Persson and Hanni Schölermann Building on the literature on trust in institutions, the article looks at the state, evolution and sociodemographic breakdown of citizens’ trust in the ECB and support for the euro. Drawing on a novel typology of attitudes towards...

Interview with Il Sole 24 Ore
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Interview with Il Sole 24 Ore

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi on 8 June 11 June 2020 The ECB does not tolerate fragmentation, yet the pandemic is making the eurozone more fragmented than ever because fiscal responses and economic and social damage are...

economic outlook and financial stability during the pandemic crisis
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economic outlook and financial stability during the pandemic crisis

Via ECB (Den Europæiske Centralbank) SPEECH Remarks by Luis de Guindos, Vice-President of the ECB at the Institute of International and European Affairs, Dublin, (by video conference) Frankfurt am Main, 10 June 2020 The euro area economy has been experiencing an unprecedented contraction since the coronavirus (COVID-19) began spreading in Europe. Economic activity declined in...

International use of the euro broadly stable in 2019
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International use of the euro broadly stable in 2019

Via ECB (Den Europæiske Centralbank) PRESS RELEASE 9 June 2020 Euro remains unchallenged as second most used currency globally after the US dollar Role of euro stable as global reserve currency International role declined after the global financial crisis, now bottomed out Euro used as main currency of denomination globally for green bond issuance The...