Law and order in time of crisis: Keeping Europe afloat
Wednesday 5 May 2021 – Vol.12 Ed.18.2
Commentary: ECB asset purchases dilute European rule of law
By Thomas Mayer in Frankfurt
Political expediency is diluting the rule of law in the European Union’s monetary and fiscal policy. This may help financial markets in the shorter term, but the long-term consequences will be grim. By signalling to bond traders that it will buy newly issued government bonds in the secondary market in its purchase programmes, the European Central Bank is effectively circumventing the rules of the Treaty on the Functioning of the EU.
Read the full commentary on the website.
Meeting: AFME/OMFIF European Financial Integration Conference: Forged in Crisis
Tuesday 15 June, 08:15-17:30 BST
This meeting will bring together Europe’s most influential policy-makers and opinion-formers, as well as key members of the regulatory community and business leaders from global financial institutions. It will focus on the impacts of the health-turned-economic crisis on European financial integration, prospects for future economic development and the financial structures of the European Union.
Register to attend here
