ECB praises eurozone’s economic response to Covid-19


Combined fiscal and monetary stimulus prevented the financial fragmentation that the eurozone suffered during the sovereign debt crisis 2011–12, the European Central Bank said.

The ECB said its measures and the European Union’s fiscal recovery fund were “the most influential policy interventions that initially kept fragmentation contained”. In its latest financial integration report, the ECB also said the EU’s equity markets need to be further developed to finance the bloc’s aim of green and

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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