ECB's Benoit Coeure speaks in Munich
The crisis showed that when Europeans act together, they are stronger
But when uncertainty has the upper hand, attention turns inwards to national fragilities, fuelling economic selfishness and accentuating financial fragmentation
Monetary policy is a clear example of where we did act together in a decisive manner
Monetary policy alone cannot achieve sustainable growth. It needs to be complemented by economic, and where available, fiscal policies at national and European level
Not much on current policy and the upcoming Dec ECB meeting. Draghi is due to speak sometime soon to the European Parliament. You can follow him live here.
