“We need a joint special effort to cope with the crisis… but somebody will have to pay”
Exclusive interview: Former ECB president Jean-Claude Trichet presided over Europe’s monetary response to the previous crisis. As the Covid-19 crisis escalates, he praises the current ECB’s fast initial response – while sticking to his long-held position that the mounting debt will have to be repaid.
5th Apr, 2020 - 18 min read
Under the ECB’s watchful eye, the European (and Irish) banking industry is wasting away
Irish banks are wasting away, along with the rest of the European banking industry. ECB regulation is a big part of the problem. When banks can't make money from lending, that's bad for shareholders, the economy, and eventually the taxpayer.
5th Mar, 2020 - 8 min read
Inflation, asset prices, interest rates: what the ECB’s agenda means for investors, borrowers and Irish banks
Despite concerns over inflation, the markets do not anticipate rates to rise until 2025 at the earliest. Instead, the real focus for central bankers will be on the longer-term issues surrounding eurozone banking profitability. Investors in Irish banks will be watching on with interest.
11th Feb, 2020 - 5 min read
There’s a battle for control of the ECB. For Ireland and Europe’s sake, Christine Lagarde needs to win it
In her first month as President of the ECB, Christine Lagarde is having to fight off a coup. Other European central bankers want her to give them a greater say in how monetary policy is set. There are three reasons why Lagarde needs to win.