The end of the financial crisis may be in sight, but the economy that emerges from it may be less attractive than expected, said Erkki Liikanen, governor of the Bank of Finland, in a speech delivered in Finnish at the weekend.
The European Central Bank governing council member emphasised the need for a determined exit strategy, and said the need to prepare for an economy that no longer relies on fiscal stimulus was paramount.
"Present forecasts indicate that the ground on the other side [of the
- Auditors find ‘flaws’ in ECB’s crisis management framework
- Home truths on Europe’s NPLs
- Central banks lack ‘firepower’ to combat financial crises, says report
- Economists need to better understand macrofinancial links – BIS paper
- Ukrainian bank owners carried out ‘co-ordinated fraud’, forensic audit says