By Ignazio Angeloni
There is a solid and relatively trouble-free way to help Italy and overcome the European Central Bank’s problem of ‘fragmentation’. Italy should turn to the European Stability Mechanism, the European Union’s financial support scheme. It should apply for a credit line under the ESM’s precautionary facility, designed for countries whose financial situation is fundamentally sound. This facility represents the right way forward – protecting both Italy and the future functioning of monetary union.
|Uncomfortable realities behind ECB’s dilemma over fragmentation and inflation|
By David MarshThe European Central Bank’s complex planning for an anti-fragmentation facility for euro area unity could backfire – by exposing rather than alleviating long-standing sources of fracture.
| MEETINGS |
Global Public Investor 2022 launch
Tuesday 5 July, LaunchOMFIF’s Global Public Investor is a key reference point for financial institutions and provides a lens on approaches to investing in global markets. This launch event, held in London, presents key findings of the report.
| ON DEMAND |
Next Generation EU with Siegfried Ruhl: one year later
The Next Generation EU fund – set up to help finance Europe’s recovery from the economic damage of the Covid-19 pandemic – has been operating since last June. Siegfried Ruhl, head of funding and investor relations at the European Stability Mechanism, speaks to OMFIF’s John Orchard about it.
| Data: Towards a new age of economic enlightenment|
As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.