The ECB launched a massive 750 billion euro plan to cope with the Coronavirus crisis. But these measures will only work if national governments spend as much as is necessary and outline an ambitious plan to tackle the recession.
By refusing to affirm the ECB’s willingness to “close spreads” on the Italian bonds market, Christine Lagarde’s mistakenly caused major indignation among citizens, politicians, and financial markets. But while Lagarde’s ambiguous comments were devastating, they mostly reveal the Eurozone’s flawed architecture.
In a report adopted this week, the European Parliament confirmed that the ECB has to directly address climate change in its policies.
A global network of economics students involving 27 universities across 11 countries is calling on their universities to teach them the truth about banks. They are now supported by 57 economists and organisations who signed an open letter.
Open Letter: Next ECB President’s legitimacy requires a more open and transparent appointment process
Ahead of an important European Council meeting this week, sixteen NGOs led by Positive Money Europe have co-signed an open letter addressed to Donald Tusk demanding a stronger appointment process in line with the independence of the European Central Bank.