日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Bankers in Europe are divided over pandemic

By JULIAN SHEA in London | China Daily Global | Updated: 2021-06-30 09:19
Share
Share - WeChat
The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. [Photo/Agencies]

The head of Germany's central bank has said winding down the emergency bond purchase program launched last year to help the European economy through the novel coronavirus pandemic will be a good way to help countries prepare for life in the post-pandemic world-and his suggestion is already provoking debate.

Jens Weidmann and his Austrian counterpart Robert Holzmann have become the first major figures to speak up in favor of calling a halt to the Pandemic Emergency Purchase Program, or PEPP, which is worth 1.85 trillion euro ($2.2 trillion), with Holzmann suggesting the plug be pulled as early as March next year.

"In my opinion, (2022) would no longer be a year of crisis if the assumptions about the course of the pandemic and the expectations about its economic effects are essentially confirmed," Weidmann told a German banking event.

"In order not to have to end the PEPP suddenly... the net purchases could be reduced step by step in advance."

Previously, the European Central Bank, or ECB, has said it would keep the PEPP going "until it judges that the coronavirus crisis phase is over", but it has yet to say how it will come to that judgement. Financial policymakers will meet next month to discuss the issue, but no final decision is expected until they reconvene in September.

Weidmann has also warned of the need to remain vigilant over the issue of inflation in the Eurozone, after it rose by 2 percent in May, the first time in two years that it had exceeded the ECB target.

"Inflation is not dead," said Weidmann, picking out energy prices and uncertainty about whether oil prices will fall next year as particular causes of concern. "In addition, politicians could take additional climate protection measures and thus increase energy prices," he added.

However, his views are not shared by all his colleagues. Fabio Panetta, a member of the ECB's Executive Board, who backs a more relaxed approach to stimulating economic recovery, said acting too soon could have costly long-term consequences.

"Experience shows that attempting to reduce the pace of asset purchases too early would lead to a tightening of financing conditions and a higher pace of purchases later," he said.

Panetta also suggested that the ECB should keep its power to provide monetary support to those most in need after the current environment has changed, because of it having proved so useful, an opinion shared by Francois Villeroy de Galhau, head of France's central bank.

"PEPP has shown the benefits of flexible monetary policies when differences in financing conditions across countries represent a persistent obstacle to the transmission mechanism," Panetta said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产污网站在线观看 | 欧美a视频| 五月天激激婷婷大综合丁香 | 久久婷婷是五月综合色狠狠 | 国产人成午夜免视频网站 | 久久综合色婷婷 | 亚洲伦理中文字幕 | 日日夜夜视频 | 日韩女同一区二区三区 | 免费观看一级欧美在线视频 | 亚洲 欧美 另类 综合 偷拍 | 一级做一级爱a做片性视频视频 | 欧美日一区 | 国产精品蜜臂在线观看 | 色天天爱天天狠天天透 | 国产免费播放一区二区 | 日韩中文字幕在线观看视频 | 国产亚洲欧美在线人成aaaa | 成人一区二区三区在线观看 | 来个毛片 | 日韩手机在线观看 | www.75zzz.com| 亚洲国产精品久久久久网站 | 特级丰满少妇一级aaaa爱毛片 | 成人国产欧美精品一区二区 | 私色综合网 | 久久综合偷拍 | 国产色婷婷亚洲99精品小说 | 黄色网址在线免费播放 | 久久这里只有精品免费播放 | 青草九九 | 久久草网站| www成人国产在线观看网站 | 国产精品片一区二区三区 | 国产精品成在线观看 | 欧美青青| 午夜国产亚洲精品一区 | 欧美日韩精品一区二区 | 国产熟妇久久777777 | 五月婷婷狠狠爱 | 国产成人久久 |