
Europe must learn right lessons from crisis – Olli Rehn

Europe must “learn the right lessons” from the sovereign debt crisis, one of the Bank of Finland’s board members told an audience in Helsinki on June 19.
The crisis “was only tamed once the European Stability Mechanism was created and the European Central Bank took up the role of the lender of last resort”, Olli Rehn said. “The issue of moral hazard is important,” he continued, “but if we focus only on it, we can close the shop.”
European policymakers needed to keep their “big bazooka” to
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com