Olaf Scholz
ECB-German charm offensive, The future of the euro area: Capital market integration
Thursday 7 November 2019 – Vol.10 Ed.45.3
Commentary: ECB-German charm offensive
By David Marsh in London
The European Central Bank’s long-awaited charm offensive aimed at German public opinion has started – and the Germans are reciprocating in kind. In the first act in an elaborate series of manoeuvres aimed at papering over cracks between the ECB and German politics, Olaf Scholz, German finance minister, has held out an olive branch to debtor states by calling for action to complete Europe’s banking union through a common deposit insurance scheme. Scholz’s move was coupled with a well-scripted conciliatory gesture by Christine Lagarde.
Read the full commentary on the website.
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Meeting: The future of the euro area – Capital market integration
With new leadership at the European Commission and a renewed focus on fiscal integration, dialogue on how regulation can move towards alignment is progressing. Olivier Guersent, who is responsible for the establishment of a capital markets union, the regulation of financial services and ensuring financial stability across the European Union, will outline the bloc’s financing needs and regulation requirements to make these a reality. He will also discuss the potential future direction of the Commission and the role of the UK in Europe.
Request to attend the meeting.
