Spanish Central Bank proposes robust EU deposit guarantee fund

Spanish Central Bank proposes robust EU deposit guarantee fund

From euractiv.com

Spain’s central bank considers that the volatile economic environment in Europe requires a massive EU response through a “fully mutualised European deposit guarantee fund”. EURACTIV’s partner EuroEfe reports. The governor of Spain’s Central Bank, Pablo Hernández de Cos, has stressed in an article published on Sunday (21 February) that banking supervisors must “take measures to mitigate the risks” that the financial sector may incur due to the COVID-19 crisis. According to the governor, an EU guarantee fund “would make a decisive contribution to guaranteeing financial stability in the euro area and ... (full story)

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Post #1
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Feb 23, 2021 4:11am Feb 23, 2021 4:11am

PaulVic
| Joined May 2016 | Status: Member | 67 Comments

Head line is wrong. Should read "EU nations unable to look after their own, needs ECB to print more money so they don't have to tighten their own belts. EU response expected to be "money will be leant to EU nations but expect to lose some sovereign power somewhere along the line"".

Post #2
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Feb 23, 2021 4:37am Feb 23, 2021 4:37am

patryn
| Joined Dec 2007 | Status: Member | 15 Comments

Quoting PaulVic

Disliked

Head line is wrong. Should read "EU nations unable to look after their own, needs ECB to print more money so they don't have to tighten their own belts. EU response expected to be "money will be leant to EU nations but expect to lose some sovereign power somewhere along the line"".

Ignored

Yes. That's absolutely right.

Post #3
Quote
Feb 23, 2021 5:20am Feb 23, 2021 5:20am

Guest
| IP XXX.XXX.209.123

Or better: "EU nations finally want direct access to the printing press"

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Posted: Feb 23, 2021 3:24am
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 3 / Views: 398