Europe meeting fiscal tightening and growth dilemma, says Noyer
Europe has made an "impressive effort" to return itself to a sustainable fiscal path, which is the only way to exit the sovereign debt crisis plaguing the continent "once and for all", according to Christian Noyer, governor of the Banque de France.
Noyer, who made the comments at a lunch in New York on April 23, pointed out that the Portuguese fiscal deficit has fallen from around 10% in 2009 to around 6% last year. At the same time, the Italian deficit has declined from 5.4% to 3.9% and the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Rate hikes and financial stability can coexist – IMF panel
Policy-makers can ease lenders’ stress with short-term liquidity when tightening policy, say speakers
US Treasury secretary accuses IMF and World Bank of ‘mission creep’
Bessent says organisations should focus on core goals rather than issues such as climate change
Ethiopian governor hails benefits of central bank reforms
Mihretu tells IMF Spring Meetings inflation is now projected to fall to 10% in 2025-26
CBCS analysis points to pronounced risks of global trade war
Central Bank of Curaçao and Sint Maarten says firms should diversify supply chains away from US
Fed officials sound warnings over economic mobility
Vice-chair says it remains core of American Dream, but Philly Fed chief says it is out of reach for many
Strong economy will protect India from trade tensions – RBI
Bank derives optimism from service exports and lower food prices in latest State of the Economy report
EU firms fear dollar liquidity becoming tariff bargaining chip
Trade war escalation could affect ECB's access to Fed swap lines
Trade tensions could fuel further drop in asset prices – IMF
Global financial stability report also calls out highly leveraged non-banks