Burda, Michael, (2013), “Redesigning the ECB with regional rather than national central banks”, www.voxeu.org, 15  Ιουλίου. Eurozone national central banks that take a national perspective risk politicising the ECB’s monetary policy. This column argues that this is a significant risk that should be overcome with a fundamental overhaul of the Eurosystem. A central element would be to take the ‘national’ out of the EZ’s national central banks. Just as US …Read More

Burda, Michael, (2013), “Redesigning the ECB with regional rather than national central banks”, www.voxeu.com, 15 Ιουλίου. Eurozone national central banks that take a national perspective risk politicising the ECB’s monetary policy. This column argues that this is a significant risk that should be overcome with a fundamental overhaul of the Eurosystem. A central element would be to take the ‘national’ out of the EZ’s national central banks. Just as US regional …Read More

Gros, Daniel, (2013), “Europe’s Zombie Banks”, www.project-syndicate.org, 10 Ιουλίου. What is wrong with Europe’s banks? The short answer is that the sector is too large, has too little capital, and contains too many players that lack a viable long-term business model. It is the combination of the last two factors – an overabundance of banks with no sustainable way to turn a profit – that constitutes the most serious and …Read More