Stability requires public-private coordination

The close cooperation of policymakers and market participants is essential for achieving sustainable growth and preserving stability, said Lucas Papademos, the vice president of the European Central Bank.

Papademos said that the authorities were aware of the risks facing the financial sector, but they could not fully foresee the speed and intensity with which tensions spread from one specific segment to other markets and countries. Nor could they forecast the size of banks' off-balance sheet

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: