Benoît Cœuré says ECB can only 'buy time for political bodies to act'

harvard
Harvard

ECB executive board member Benoît Cœuré on Saturday told an audience at Harvard University in the US that a central bank can "buy time for political bodies to act" - but that European governments now have to redefine the social contract "to safeguard the sustainability of Europe's social economy model".

Cœuré said he believes the management of the current crisis in the eurozone "is at least as much about social stabilisation as it is about economic stabilisation", and isolated three elements

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: http://subscriptions.centralbanking.com/subscribe

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: